Business 9 sources · today 10 articles

Fed Watchdog Clears Central Bank of Criminality in $2.5 Billion HQ Renovation

A Federal Reserve watchdog report has found no evidence of criminal wrongdoing in the central bank's costly headquarters renovation, easing political scrutiny but highlighting project management issues.

Read the full story → · Latest coverage 30 Sept 2026, 6:13 pm UTC

Key moments · 4

Fed watchdog releases renovation report, finds no criminality

Bloomberg Economics ↗

Inspector general finds no grounds for criminal charges

NBC News ↗

Report highlights deficiencies in project management

Financial Times World ↗

Justice Department will not reopen investigation after findings

Politico ↗

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13 articles

  1. Fed blasted by top watchdog over ‘mismanaged’ $2.5B ‘Palace of Versailles’ HQ work
    New York Post
  2. US Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs
    Al Jazeera
  3. No criminal wrongdoing in $2.5Bn Federal building renovation but it was mismanaged, watchdog finds
    The Independent
  4. Fed watchdog clears former chair Powell in renovation probe
    Axios
  5. Fed watchdog finds no criminality in renovation probe
    The Hill