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The Fed’s watchdog found no misconduct by Jerome Powell in a $2.4 billion renovation, but cited oversight failures behind roughly $1 billion in cost overruns.
By Howard Schneider, Michael S. Derby and Ann SaphirThe Federal Reserve's Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a US central bank renovation project.However, its conclusion there was lax over…
Read more about Watchdog finds no Fed misconduct in renovation; Trump calls for Powell's resignation on Devdiscourse.