Fed's Says No Administrative Misconduct Found In Review Of Fed Building Project In Washington, Though Management Deficiencies Were Identified; ~$1B Cost Overrun In Building Renovation Was Key In Dispute Between Then-Fed Chief Powell, Trump And U.S. Attorney Pirro; No Reasonable Grounds To Believe A Violation Of Federal Criminal Law Occurred That Required A Referral To U.S. Attorney
https://oig.federalreserve.gov/reports/board-eccles-1951-renovation-construction-costs-sep2026.htm
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Why It Matters
The Federal Reserve reviewed a billion dollar building project that went way over budget. There was no illegal wrongdoing found, but the team could have managed it better.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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