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DOJ declines to reopen Powell criminal probe over Fed renovation costs
1+ week, 1+ day ago (268+ words) Scrutiny of the Federal Reserve’s headquarters renovation remains focused on oversight failures rather than criminal liability as political pressure intensifies around former Chair Jerome Powell. The Justice Department says it is not reopening its criminal investigation, while leaving open the…...
OPINION: Powell's Fed has committed $2 billion with no cap, and Trump sees only one culprit
1+ week, 2+ day ago (1714+ words) The Federal Reserve will soon have a price cap for its headquarters. It will be set after the contracts are signed. Kevin Warsh has been chairing the Fed since May. On September 29, he promised this guaranteed price cap. He wants…...
Trump calls for Powell to resign over Fed renovation, asks attorney general to review report
1+ week, 4+ day ago (334+ words) In a TruthSocial post, Donald Trump is calling for Jerome Powell to resign from the Fed Board over alleged mismanagement and cost overruns in the Federal Reserve headquarters renovation. He says he has asked Attorney General Todd Blanche to review…...
Federal Reserve watchdog clears Powell in headquarters renovation saga
1+ week, 4+ day ago (670+ words) The Federal Reserve’s internal watchdog says neither criminal nor administrative misconduct led to costly delays and budget overruns as part of an ongoing renovation of the Fed’s headquarters. But deep oversight failures and deficiencies in project management, such as the…...
FILE -- President Donald Trump speaks to reporters while touring renovations at the Federal Reserve with its chair, Jerome Powell, in Washington, July 24, 2025. The Federal Reserve\'s internal watchdog found no evidence of illegal behavior or administrative misconduct associated with the central bank\'s nearly $2.5 billion project to overhaul its headquarters in Washington, even as it concluded that the renovations were poorly managed and lacked sufficient budget constraints. (Haiyun Jiang/The New York Time
1+ week, 4+ day ago (41+ words) FILE -- President Donald Trump speaks to reporters while touring renovations at the Federal Reserve with its chair, Jerome Powell, in Washington, July 24, 2025. The Federal Reserve\'s internal watchdog found no evidence of illegal behavior or administrative Kingsport Times News...
The final verdict is in for the Fed's troubled renovation and Jerome Powell
1+ week, 4+ day ago (251+ words) ‘The Big Money Show’ panel sounds off on Jerome Powell’s decision to stay at the Federal Reserve, as tensions rise with President Donald Trump and incoming Chair Kevin Warsh over interest rate policy. The inspector general's investigation into the Federal…...
Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement
1+ week, 4+ day ago (467+ words) The building project became a high-profile flashpoint in the Trump administration’s efforts to pressure the Fed into cutting its key interest rate. President Donald Trump even visited the construction site last July, when then-Chairman Jerome Powell corrected Trump’s estimate of…...
Fed's $2.5 billion renovation broke no laws, but watchdog blasts cost overruns
1+ week, 4+ day ago (633+ words) A new report from the Federal Reserve's watchdog found that the Fed board failed to effectively manage renovations to its headquarters, repeatedly ignoring cost-control safeguards and repeating the same project management failures that plagued its past building renovations. But the…...
Fed Watchdog Finds No Crimes In $2.4 Billion Renovation, Just Everything Else
1+ week, 4+ day ago (14+ words) ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero...