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ClosedPolitics

Federal Reserve headquarters renovation inquiry

A watchdog report found no criminal wrongdoing but a series of missteps behind surging costs in the Fed's headquarters renovation. Trump lashed out at former chair Jerome Powell and said he should resign from the Fed board.

Developments
6
Outlets
5
Followed since
30 Sep
The latest development
Latest · Sun 4 Oct, 16:15 UTCBlanche says DOJ will not reopen Powell caseAttorney General Todd Blanche told Bloomberg the department will not reopen the criminal case against Powell; an inspector general's report found no criminal wrongdoing but a series of missteps over renovation costs.
01The story so far
six developments over five days, a square each
02Developments

Developments

Sunday 4 October

1 development

  1. 16:15 UTC· the latest

    Blanche says DOJ will not reopen Powell case

    Attorney General Todd Blanche told Bloomberg the department will not reopen the criminal case against Powell; an inspector general's report found no criminal wrongdoing but a series of missteps over renovation costs.

    1 sourceBloomberg

    • BloombergXSun 4 Oct, 16:15

      US Attorney General Todd Blanche tells @mylesmill on Bloomberg This Weekend that the Justice Department will not reopen the criminal case against former Fed Chair Jerome Powell. An inspector general’s report found no evidence of criminal wrongdoing by Powell but identified a seri
      The original post

Saturday 3 October

1 development

  1. 01:10 UTC

    DOJ will not reopen criminal probe into Powell

    A Justice Department spokesperson said the department will not reopen the criminal investigation into Fed's Powell.

    WashingtonUS

    1 sourceReuters

    • ReutersXSat 3 Oct, 01:10

      DOJ will not reopen criminal probe into Fed's Powell, spokesperson says
      The original post

Friday 2 October

2 developments

  1. 22:32 UTC

    DOJ declines to reopen Powell renovation investigation

    A department spokesperson said the criminal probe into cost overruns will not be reopened; AG Todd Blanche told Bloomberg he has not ruled out further review of the project's oversight.

    Washington, DCUS

    1 sourceThe Guardian · World

    • The Guardian · WorldRSSFri 2 Oct, 22:32

      DoJ declines to reopen investigation into former Fed chair Jay Powell Kevin Warsh’s predecessor had been investigated over cost overruns related to central bank renovation projectThe US ⁠justice department is not reopening a criminal investigation into former Federal Reserve cha
      The original post

  2. 19:12 UTC

    DOJ won't reopen Powell renovation investigation

    The Justice Department isn't reopening a criminal probe of Jerome Powell over Federal Reserve building renovation cost overruns.

    Washington, DCUS

    2 sourcesBloomberg

    • BloombergXFri 2 Oct, 19:12

      The Justice Department isn’t reopening a criminal investigation into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank’s building renovation project. Listen to that and the latest stories from Bloomberg News Now.
      The original post

    • BloombergXFri 2 Oct, 19:12

      The US Justice Department isn’t reopening a criminal investigation into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank’s building renovation project
      The original post

Wednesday 30 September

2 developments

  1. 23:10 UTC

    Trump says Powell should quit Fed board over renovation

    Trump attacked Powell after the watchdog report found no criminal wrongdoing but several missteps that raised costs.

    Washington, DCUS

    2 sourcesAFP, Bloomberg

    • AFPXWed 30 Sep, 23:10

      President Donald Trump lashed out at former Fed chair Jerome Powell on Wednesday after a watchdog report found no criminal wrongdoing in the central bank's costly renovation project.
      The original post

    • BloombergXWed 30 Sep, 23:35

      President Donald Trump said former Federal Reserve Chair Jerome Powell should resign from the central bank’s board over the renovation of its headquarters, after a report that found a series of missteps that led to surging costs
      The original post

  2. 17:10 UTC

    Fed watchdog finds no crimes in headquarters renovation

    The inspector general's 120-page report found mismanagement inflated the $2.4bn renovation's cost but no criminal violations, contradicting claims by Trump administration prosecutors.

    WashingtonUS

    4 sourcesBloomberg, Reuters, The Guardian · World, Al Jazeera

    • BloombergXWed 30 Sep, 17:10

      The Federal Reserve’s internal watchdog found no evidence of criminal wrongdoing in the central bank’s renovation of its Washington headquarters
      The original post

    • ReutersXWed 30 Sep, 17:23

      BREAKING: The Federal Reserve's Inspector General said it found no grounds for a criminal referral or administrative misconduct tied to cost overruns in a renovation project that drew scorn from President Trump and an investigation into Jerome Powell
      The original post

    • The Guardian · WorldRSSWed 30 Sep, 17:49

      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 ratesThe Federal Reserve’s internal watchdog said on Wednesday that the agency
      The original post

    • Al JazeeraRSSWed 30 Sep, 19:00

      US Fed watchdog finds no criminal wrongdoing in Powell-era renovation costs The renovation costs became a focus of Trump’s pressure campaign against former Federal Reserve Chair Jerome Powell.
      The original post