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Fed watchdog clears Powell in renovation probe
Original: Fed watchdog clears former chair Powell in renovation probe
The Federal Reserve's internal watchdog has cleared former chair Jerome Powell in its investigation into the renovation of the Fed's headquarters, which drew criticism over its cost. The finding removes a lingering political controversy around Powell, who had faced accusations that he misled officials about the project's scale and expense.
Why now: The probe into the costly Fed headquarters renovation was politically charged, and the clearance is fresh, newsworthy news.
Evidence
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