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    Fed's watchdog clears Powell in renovation inquiry

    PBS NewsHour
    October 1, 2026
    via PBS NewsHour

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    Fed's watchdog clears Powell in renovation inquiry

    The Federal Reserve's Inspector General says it found no criminal activity by former Chair Jerome Powell, or others, related to the costly renovation of the central bank's headquarters. But in a 120-page report released Wednesday, the Fed's watchdog did say the nearly $2.5 billi

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