Fed watchdog clears Powell of criminal wrongdoing in renovation probe
7 sourcesLeft-leaning 4Center 3Right-leaning 0
Summary
The Federal Reserve's inspector general said Wednesday it found no grounds to believe federal criminal law was violated and no administrative misconduct by former Chair Jerome Powell in the central bank's headquarters renovation, whose cost more than doubled to $2.5 billion. The report faulted Fed management for poor cost control. President Trump said he asked Attorney General Todd Blanche to study the report and said Powell should resign from the Fed's Board of Governors.
Left-leaning
- Watchdog finds no criminality in Fed renovation that drew Trump’s scrutinyNBC News · Sep 30, 1:00 PM
- Watchdog finds Fed mishandled renovations that Trump tried to oust Powell overWashington Post · Sep 30, 1:51 PM
- Fed watchdog clears former chair Powell in renovation probeAxios · Sep 30, 2:13 PM
- Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly RenovationsNew York Times · Sep 30, 3:17 PM
Center
- Watchdog finds problems but no Fed misconduct in Powell-era renovation projectReuters · Sep 30, 1:54 PM
- Trump Says Powell Should Be Forced to Resign From Fed BoardBloomberg · Sep 30, 3:55 PM
- Trump says he asked Blanche to ‘study’ Fed watchdog report that cleared PowellThe Hill · Sep 30, 5:37 PM