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PoliticsUS Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs

The Federal Reserve’s inspector general found no basis for a criminal referral or administrative misconduct over the renovation of two Washington buildings. The project is about $1bn over budget at an estimated $2.4bn, though the report identified major management shortcomings. Trump had used the costs to pressure Jerome Powell over interest rates.

Federal Reserverenovation costsJerome PowellDonald Trump

People in this report Jerome Powell

AAl Jazeera★★★☆☆2026-09-30 19:00Original

US Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs
US Fed watchdog finds no criminal wrongdoing in Powell-era renovation costsPolitics