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Federal Reserve renovation probe stories

Sep 30, 2026

Federal Reserve inspector general finds no criminal violations in $2.4 billion headquarters renovation

The Federal Reserve's internal watchdog found significant mismanagement and cost overruns in the central bank's headquarters renovation project but no evidence of criminal violations, concluding an investigation that former President Trump had used to target Fed Chair Jerome Powell.

Sep 30, 2026·8 sources
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Top claims

  • ▪Jerome Powell should resign from the Federal Reserve Board of Governors over the renovation cost overruns
  • ▪Former Federal Reserve Chair Jerome Powell decided to remain on the central bank's Board of Governors until January 2028 to protect the Fed's monetary policy from political pressure and legal attacks.
  • ▪Jerome Powell bears the primary responsibility for the Federal Reserve's renovation cost overruns

People involved

Donald Trump

Subtopics

U.S. domestic politics1

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