Fed watchdog finds no criminality in renovation probe

Former Federal Reserve Chair Jerome Powell and Fed officials did not violate criminal law during their handling of the central bank’s ongoing multimillion dollar renovation project, the Fed’s internal watchdog said Wednesday in a report. The office of Fed Inspector General (IG) Michael Horowitz acknowledged the central bank “has not effectively executed” the construction management...

Former Federal Reserve Chair Jerome Powell and Fed officials did not violate criminal law during their handling of the central bank’s ongoing multimillion dollar renovation project, the Fed’s internal watchdog said Wednesday in a report. The office of Fed Inspector General (IG) Michael Horowitz acknowledged the central bank “has not effectively executed” the construction management...