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Inspector General Clears Powell in Fed Renovation Probe

Filed · 3 publisher pages · upstream origin unresolved

The U.S. Federal Reserve's Inspector General cleared former Chair Jerome Powell of criminal charges related to the $2.5 billion renovation of the Fed's headquarters. The 120-page report found no evidence of wrongdoing, though it criticized the project's management and budget controls.

Trump asked Attorney General Todd Blanche to review the report, which followed a DOJ investigation into whether Powell misled Congress. The investigation was dropped after legal setbacks, but Trump continued to use the project as leverage to pressure the Fed.

The watchdog's findings could impact future oversight of federal projects, highlighting concerns about transparency and accountability in large-scale infrastructure initiatives. The report also notes ongoing issues with budget controls and project management.

The report does not address whether Powell's actions influenced interest rate decisions, leaving room for further scrutiny by Congress and the public.

Pages read

  1. the-hill — Trump says he asked Blanche to ‘study’ Fed watchdog report that cleared Powell ·
  2. pbs-newshour — News Wrap: Watchdog finds no criminal activity by Powell related to Fed renovation ·
  3. le-monde — Watchdog clears ex-US Fed chief Powell in renovation probe ·

Publisher breadth and upstream editorial independence are separate measurements. An unresolved origin is not counted as independent reporting.

Upstream origin test

3 publisher pages; upstream origin unresolved 1–3. Registry news_provenance_registry_v1.

  1. the-hill: upstream origin unresolved; cluster not certified.
  2. pbs-newshour: upstream origin unresolved; cluster not certified.
  3. le-monde: upstream origin unresolved; cluster not certified.

Clusters join only on article-declared upstream credit or strong measured full-text reuse. Publisher domains alone never establish independence.

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