Watchdog Finds No Fed Misconduct
A Federal Reserve inspector general report found no criminal wrongdoing or administrative misconduct in a costly renovation project. The findings prompted President Donald Trump to renew calls for former Fed chief Jerome Powell to resign over lax oversight.
The Federal Reserve Inspector General found no grounds for criminal charges or administrative misconduct over a $2.4B building renovation in the United States, according to a Wednesday report. The findings nevertheless sparked renewed calls from President Donald Trump for former Fed chief Jerome Powell to resign. The central bank faces intense political scrutiny over soaring project costs on the National Mall.
