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EconomyWatchdog finds deficiencies but no Fed misconduct in Powell-era renovation project

The Federal Reserve’s inspector general said on Wednesday that it found deficiencies in a renovation project but no basis for a criminal referral or administrative misconduct finding. The project had drawn criticism from President Donald Trump and prompted scrutiny of former Fed chief Jerome Powell.

Federal ReserveJerome Powellrenovation projectoversight

People in this report Jerome Powell

RReuters★★★☆☆2026-09-30 17:25Original

Watchdog finds deficiencies but no Fed misconduct in Powell-era renovation project
Watchdog finds deficiencies but no Fed misconduct in Powell-era renovation projectEconomy