The Federal Reserve's Inspector General found no grounds for criminal referral or administrative misconduct tied to cost overruns in the central bank's roughly $2.4 billion headquarters renovation. The investigation cleared former Chair Jerome Powell of wrongdoing.
Inspector General found no criminal referral grounds
No administrative misconduct found
Renovation cost roughly $2.4 billion
Investigation cleared Jerome Powell
The Federal Reserve's Inspector General concluded its investigation into cost overruns on the central bank's headquarters renovation, finding no grounds for criminal referral or administrative misconduct. The probe, which drew scrutiny from President Trump, cleared former Chair Jerome Powell of any wrongdoing.
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