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Fed watchdog finds renovation failures, no grounds for criminal referral

The long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.

Coverage (1)· Sep 30, 5:00 PM

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No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedWASHINGTON — The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the
No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedThe Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors. The Fed’s inspector general said that a variety of missteps by its Board of Governors inflated the cost of the $2.4 billion…