✉news BusinessBanking first seen 20 h ago, last 56 min ago, peak #4
Fed watchdog clears $2.5 billion headquarters overhaul of misconduct
Original: Breaking News: The Federal Reserve’s independent watchdog found no misconduct associated with the central bank’s nearly $2.5 billion project to overhaul its headquarters in Washington, D.C.
The Federal Reserve's independent inspector general has found no misconduct tied to the central bank's roughly $2.5 billion renovation of its Washington, D.C. headquarters. The project has drawn scrutiny from lawmakers and critics who questioned its cost and scope, and the watchdog's finding removes a potential line of attack, though debate over the spending is likely to continue.
Why now: The expensive renovation has been politically controversial, so an official finding of no misconduct is newsworthy.
Federal ReserveWashington, D.C.
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