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

https://mins.news/en/item/80853

- Al Jazeera, 2026-09-30 19:00 UTC
- Politics
- Original: https://www.aljazeera.com/news/2026/9/30/us-fed-watchdog-finds-no-criminal-wrongdoing-in-powell-era-renovation-costs?traffic_source=rss

> 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.

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