Skip to main content
KnowGovUnderstand. Power. Act.
← Data Lab

The Library

New

One story, all the way down.

Watchdog Clears Powell, Says Fed Board Mishandled Costs

While 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.

Sources (1)· Sep 30, 7:09 PM

Read it

Every telling

their own versions

More like this

similar stories in the archive
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…
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