Fed watchdog clears Powell in renovation probe — SkimNews
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- Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released Wednesday.
- The findings effectively clear Powell after the Justice Department opened an investigation into the renovation project.
Why it matters: The report removes the personal criminal cloud over Powell, but other outlets' headlines show the watchdog still flagged institutional mishandling of the renovation and Trump is demanding he resign anyway — meaning the political fight over Fed independence continues even with Powell personally exonerated.
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