Federal Reserve watchdog finds no criminal violations for building renovation cost overruns

Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest rates An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report released Wednesday. For over a year, Donald Trump has centered his attacks against the Fed and former chair Jerome Powell around the renovations, including a months-long Department of Justice criminal probe that was dropped in April. Continue reading...

Originally reported by The Guardian US by Lauren Aratani in New York. Read the full story at the source.