Nick Timiraos
Nick Timiraos|Sep 30, 2026 17:06
NEW: The Fed's inspector general finds no administrative misconduct and no grounds for a criminal referral over the central bank's headquarters renovation, ending the formal legal threat to Jerome Powell. The 120-page report is critical of how the Fed managed the project but finds the high-gloss design finishes that attracted so much attention weren't a meaningful driver of renovation cost overruns. https://oig.federalreserve.gov/reports/board-eccles-1951-renovation-construction-costs-sep2026.htm
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