Fed watchdog finds no grounds for criminal referral over renovation overrun; Trump renews call for Powell to resign
The inspector found oversight flaws in the roughly $1 billion cost overrun but no basis for a referral.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
The Federal Reserve's watchdog found on Wednesday that there were no grounds for a criminal referral over a cost overrun of roughly $1 billion on renovations to the central bank's buildings in Washington. The watchdog did fault the oversight of the project.
The findings prompted President Donald Trump to renew his call for former Fed chief Jerome Powell to resign.
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