Fed Watchdog Clears Powell But $1B Renovation Scandal Exposed 📸 Image Credit: newsmax.com By Azeem-USA · Wed Sep 30 2026 English (en-US) In a major development that has sent ripples through the financial world, the Federal Reserve's inspector general has released a comprehensive report regarding the central bank's massive headquarters renovation. While the report provides legal clearance for former Chair Jerome Powell, it paints a troubling picture of internal mismanagement and fiscal oversight. In this in-depth analysis, we explore the nuances of the 120-page evaluation, the scale of the budget overruns, and what this means for the perceived transparency and stability of the Federal Reserve. 📑 Table of Contents The Verdict: Jerome Powell Cleared of Criminal Charges The $2.4 Billion Headquarters Project Breakdown Weak Cost Controls: The $1 Billion Overrun Institutional Accountability and the Horowitz Report Future Implications for Federa...
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