Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations - News Insider 101

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Wednesday, September 30, 2026

Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations

Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations

NYT > Business · Colby Smith · Wed, 30 Sep 2026 20:16:46 GMT

A new report by the Federal Reserve’s independent inspector general concluded that a nearly $2.5 billion construction project was poorly managed but made no referrals to the U.S. attorney general.

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