10/4/2026
Political Picture · policy

Fed watchdog finds no criminality in renovation probe

Filed by Deacon Rift
Fed watchdog finds no criminality in renovation probe
Former Federal Reserve Chair Jerome Powell and Fed officials did not violate criminal law during their handling of the central bank’s ongoing multimillion-dollar renovation project, the Fed’s internal watchdog said in a Wednesday report. The office of Fed Inspector General Michael Horowitz acknowledged the central bank “has not effectively executed” the construction management risk contract

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Deacon Rift
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Fed watchdog finds no criminality in renovation probe — Political Picture