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Inspector general finds no misconduct in Federal Reserve renovations

An inspector general report into the management of the Federal Reserve's renovation project found no administrative misconduct after former Fed Chair Jerome Powell faced scrutiny.

Sources (1)+1 copy· Sep 30, 7:13 PM to Oct 1, 3:50 PM

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Fox Business· Sep 30, 7:13 PMInspector general finds no misconduct in Federal Reserve renovations

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Fed's Warsh cracks down on HQ renovation, taps GSA to leadFederal Reserve Chair Kevin Warsh tasks the GSA with managing the over $2 billion renovation project after an IG report found significant cost overruns and delays.

Fox Business6d agoWhole story →

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Watchdog Clears Powell, Says Fed Board Mishandled CostsWhile faulting Fed managers for weak cost controls that led to a roughly $1 billion overrun, the Federal Reserve's inspector general on Wednesday cleared former Chair Jerome Powell of criminal wrongdoing in the central bank's $2.4 billion headquarters renovation.

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DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ruled out…

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Fed watchdog finds no laws broken in $2.5 billion Fed renovations Trump has called "disgraceful"The Federal Reserve inspector general also did not find fault with features the White House had complained were "ostentatious" and not compliant with the approved plans.

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Fed watchdog finds renovation failures, no grounds for criminal referralThe long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.

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OIG Report clears PowellA scathing watchdog report blasts the Federal Reserve for mismanaging its $2 billion headquarters renovation, while clearing former Chairman Jerome Powell of criminal wrongdoing.

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Fed Chair Warsh Moves to Remedy Serious Oversight Failures Found in Construction ReportFederal Reserve Chairman Kevin Warsh has appointed the General Services Administration to oversee completion of the central bank’s headquarters renovation, ordering an independent cost audit after an inspector general’s investigation documented extensive failures in management and senior oversight. | Economy

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