Internal Watchdog Says Federal Reserve’s Renovation Was Mismanaged But Found No Criminal Wrongdoing in $2.5 Billion Boondoggle – Trump Responds, Targets Jerome Powell

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Federal Reserve Chair Jerome Powell delivers a speech, addressing economic policies with an American flag backdrop.

Federal Reserve Chair Jerome Powell delivers a speech, addressing economic policies with an American flag backdrop.

Here we go.

The Federal Reserve’s internal watchdog said the central bank mismanaged the renovation but found no criminal wrongdoing in the $2.5 billion boondoggle.

Federal investigators in January opened a criminal investigation into Fed Chairman Jerome Powell.

Powell was under fire for the cost of renovating the Fed’s DC headquarters. The cost ba...

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