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Federal Reserve watchdog finds no criminal violations for building renovation cost overruns
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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 has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.The Fed’s…

Originally reported by The Guardian Business

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 has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors.The Fed’s…

Read the full article on The Guardian Business →

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