The Fed watchdog's headquarters renovation review

History

1. Oct 1 UTC

   Opened1 report

Who's involved

Every outlet we read on this story

162 sources95 outlets3 videos4 wire copies

• Board of Governors of the Federal Reserve Systemfederalreserve.gov23

  1. Federal Reserve: Evaluation of the Eccles-1951 Renovation Project Management and Construction Costs
  2. OIG: Federal Reserve: Evaluation of the Eccles-1951 Renovation Project Management and Construction Costs - Board Report 2026-FMIC-B-016
  3. OIG: 2026 Board
  4. OIG: Office of Inspector General
  5. OIG: ​​Findings from the Audit of the Board’s Offboarding Process​ - Board Report 2026-MO-B-014R
  6. Federal Reserve Board - Home
  7. www.federalreserve.gov
  8. The Fed - AI on the Factory Floor: Evidence from Manufacturing Job Postings
  9. oig.federalreserve.gov
  10. oig.federalreserve.gov
  11. OIG: 2026 Board & CFPB
  12. oig.federalreserve.gov
  13. OIG: Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2025 and 2024, and Independent Auditors' Report - Board Report 2026-FMIC-B-002
  14. oig.federalreserve.gov
  15. oig.federalreserve.gov
  16. OIG: Appendix A: Scope and Methodology - Board Report 2014-FMIC-B-014
  17. oig.federalreserve.gov
  18. OIG: Office of Inspector General
  19. OIG: CFPB Activity
  20. OIG: All Years CFPB
  21. www.federalreserve.gov
  22. The Fed - Federal Reserve’s Renovation of Two Historic Buildings
  23. oig.federalreserve.gov
• X (formerly Twitter)x.com11

  1. First reported Sep 29 13:02 UTC
  2. 🇺🇸 https://twitter.com/WhiteHouse/status/2057908742880924020/photo/1May 22 UTC
  3. You can start calling me the crypto Fed Chair, oh yeahJan 30 UTC
  4. X Post by The White HouseJan 30 UTC
  5. I’m going to help him. Printer is comingSep 29 UTC
  6. $Kevin 🇺🇸🇺🇸🇺🇸May 13 UTC
  7. The perfect entry is right before I start printingSep 19 UTC
  8. “Important for his own credibility as a Fed chair.” The Federal Reserve interest-rate hike was both a fiscal and political test for Kevin Warsh, @ArchieHall tells “The Intelligence” https://www.economist.com/podcasts/2026/09/17/rise-and-shine-warshs-fed-rate-test?taid=6aac19118f034e0001144fb9&utm_campaign=trueanthem&utm_medium=social&utm_source=twitterSep 17 UTC
  9. Report: Federal Financial Institutions Examination Council Financial Statements as of and for the Years Ended December 31, 2024 and 2023, and Independent Auditors’ Report https://oig.federalreserve.gov/reports/board-ffiec-financial-statement-audit-feb2025.htmMar 21 UTC
  10. X User @OIGFedCFPB
  11. X Profile: Federal Reserve-CFPB OIG (@OIGFedCFPB)
  12. We have initiated an audit of the @CFPB's compliance with the Payment Integrity Information Act of 2019. https://oig.federalreserve.gov/reports/ongoing-work.htmNov 20 UTC
• reuters.com6

  1. Watchdog finds deficiencies but no Fed misconduct in Powell-era renovation project | Reuters
  2. Watchdog finds deficiencies but no Fed misconduct in Powell-era renovation project
  3. Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh | Reuters
  4. Warsh tells Jackson Hole that Fed has 'work to do' if above-target inflation persists - as it happened
  5. Judge blocks subpoenas against Fed Chair Powell, DOJ to appeal | Reuters
  6. Fed's Powell didn't break law, watchdog says. Trump wants him out | The State
• ArcaMaxarcamax.com4

  1. Fed's watchdog finds no criminal violations in renovations | Business News | ArcaMax Publishing
  2. Fed's watchdog finds no evidence of criminality in renovations | Business News | ArcaMax Publishing
  3. Fed's watchdog finds no criminal violations in renovations | Business News | ArcaMax Publishing
  4. Fed's watchdog finds no evidence of criminality in renovations | Business News | ArcaMax Publishing
• CBS Newscbsnews.com41 video

  1. First reported Sep 30 17:00 UTC
  2. Fed watchdog finds no laws broken in $2.5 billion ...Sep 30 UTC
  3. Federal Reserve seeking to quash subpoenas in DOJ investigation, source saysFeb 27 UTC
  4. Judge quashes subpoenas sent to Federal Reserve as part of DOJ's Powell probeMar 13 UTC
  5. Federal Reserve renovations criticized by Trump did not violate laws, watchdog findsSep 30 UTC · video
• CourtListenercourtlistener.com4

  1. UNITED STATES OF AMERICA, Respondent.
  2. Case 1:26-mc-00012-JEB Document 43 Filed 06/11/26 Page 1 of 11
  3. storage.courtlistener.com
  4. Memorandum & Opinion – #43 in IN RE GRAND JURY SUBPOENAS (D.D.C., 1:26-mc-00012) – CourtListener.com
• justia.com4

  1. cases.justia.com
  2. J.C. Cannistraro, LLC v. Columbia Construction Co. :: 2026 :: Massachusetts Supreme Judicial Court Decisions :: Massachusetts Case Law :: Massachusetts Law :: U.S. Law :: Justia
  3. McManus et al v. Lettera et al 1:2025cv10573 | U.S. District Court for the Southern District of New York | Justia
  4. Mazzaccone v. Bolivarian Republic of Venezuela, 1:2024cv06168 - Document 65 (S.D.N.Y. 2026) :: Justia
• Unnamed channel4

  1. Fed’s Watchdog Finds No Criminal Violations in Renovations | Balance of Power
  2. Juan O Savin Updates Today ✝️ The Sept 26 Warning Has Come True! Watch Now Before It Gets Deleted!
  3. Unemployment, consumer sentiment and mortgage rates
  4. ابن جنيدب: هل أصبحنا نبني بيوتنا للناس؟ | بودكاست دواير
• apnews.com3

  1. Justice Department ends criminal investigation of Fed chair Powell | AP News
  2. Prosecutor conceded lack of criminal evidence in Fed investigation | AP News
  3. Federal judge quashes Justice Department subpoenas to Fed | AP News
• Ground Newsground.news3

  1. First reported Sep 30 17:24 UTC
  2. Watchdog finds deficiencies but no Fed misconduct in Powell-era renovation projectSep 30 UTC
  3. Trump says he asked Blanche to ‘study’ Fed watchdog report that cleared PowellOct 1 UTC
  4. Trump says he asked Blanche to ‘study’ Fed watchdog report that cleared PowellOct 1 UTC
• The Hillthehill.com3

  1. First reported Sep 30 17:38 UTC
  2. Fed watchdog finds no criminality in renovation probe - NewsBreakSep 30 UTC
  3. Judge Boasberg stands firm on blocking DOJ subpoenasApr 3 UTC
  4. Trump says he asked Blanche to ‘study’ Fed watchdog report that cleared PowellSep 30 UTC
• American Bankeramericanbanker.com2

  1. First reported Sep 30 17:16 UTC
  2. Fed watchdog finds no criminal violations in HQ projectSep 30 UTC
  3. Judge tosses out 'unsubstantiated' subpoenas into Powell | National Mortgage NewsMar 13 UTC
• archive.is2

  1. Justice Department drops criminal probe of Fed chair Powell | AP News
  2. US judge throws out justice department subpoenas to Federal Reserve, citing ‘thin’ evidence
• bankingdive.com2

  1. Warsh furthers his push toward a ‘quieter Fed’ | Banking Dive
  2. Dive Deposits: Fed pushes back on Vought’s skewering of renovation | Banking Dive
• Los Angeles Timeslatimes.com2

  1. First reported Sep 30 20:57 UTC
  2. Judge quashes subpoenas in Justice Department's investigation of Fed Chair Jerome PowellMar 13 UTC
  3. Fed watchdog finds no crimes in $2.4-billion building renovation, only mismanagementSep 30 UTC
• NBC Newsnbcnews.com2

  1. First reported Sep 30 20:12 UTC
  2. Federal Reserve renovation: No criminality, watchdog saysSep 30 UTC
  3. Judge blocks subpoenas against Fed Chair Jerome PowellMar 13 UTC
• Office of Inspector General, U.S. Department of Commercedoc.gov2First

  1. First reported Sep 26 00:00 UTC
  2. www.oig.doc.gov
  3. Management Alert: Oversight Issues Observed During the 2026 Census TestSep 26 UTC
• PBS NewsHour22 videos

  1. First reported Sep 30 22:29 UTC
  2. PBS News Hour full episode, Sept. 30, 2026Sep 30 UTC · video
  3. News Wrap: Watchdog finds no criminal activity by Powell related to Fed renovationSep 30 UTC · video
• politico.com2

  1. Judge bats down DOJ bid to revive subpoenas to Fed - POLITICO
  2. Trump just can’t say goodbye to Jay Powell - POLITICO
• The Athleticnytimes.com2

  1. Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations - The New York Times
  2. Justice Department Drops Criminal Investigation of Fed Chair Jerome Powell - The New York Times
• @wk-app/cheetah-public-sitecch.com1

  1. business.cch.com
• 1stskyomaha.com1

  1. Prosecutor told judge no evidence existed to criminally pursue Powell over costly Fed renovations – 1st Sky OMA
• ABC Newsabcnews.com1

  1. First reported Sep 30 17:01 UTC
  2. Fed watchdog finds no crimes in $2.4B building renovation, only mismanagementSep 30 UTC
• Anadoluaa.com.tr1

  1. www.aa.com.tr
• archive.ph1

  1. Saying You Want to Shrink the Fed Is One Thing. Doing It Is Another. - WSJ
• arkansasonline.com1

  1. First reported Oct 1 08:36 UTC
  2. Fed watchdog says bank mismanaged renovation | The Arkansas Democrat-Gazette - Arkansas' Best News SourceOct 1 UTC
• axios.com1

  1. Fed watchdog clears former chair Powell in renovation probe
• BBC Newsbbc.co.uk1

  1. Judge says 'no evidence' to justify Federal Reserve probeMar 13 UTC
• Bloomberg.combloomberg.com1

  1. Fed's Watchdog Finds No Criminality in Renovation, a Trump-Powell Flashpoint - Bloomberg
• bloomberglaw.com1

  1. DOJ Probe Into Powell and Fed Building Costs Dropped, Pirro SaysApr 24 UTC
• BostonGlobe.combostonglobe.com1

  1. First reported Sep 30 17:22 UTC
  2. Fed watchdog finds no criminal wrongdoing in building renovationSep 30 UTC
• bwbx.io1

  1. MOTION OF THE UNITED STATES TO VACATE MEMORANDUM OPINIONS ON MOOTNESS GROUNDS
• cfodive.com1

  1. Warsh pledges to slow inflation to 2%, saying Fed may have ‘work to do’ | CFO Dive
• clearinghouse.net1

  1. In Re Grand Jury Subpoenas 1:26-mc-00012 (D.D.C.) | Civil Rights Litigation Clearinghouse
• CNBCcnbc.com1

  1. First reported Sep 30 20:12 UTC
  2. Fed watchdog finds no criminality in renovation project amid Trump scrutinySep 30 UTC
• CNNcnn.com1

  1. Federal judge quashes Justice Department subpoenas of Fed Chair Jerome Powell | CNN PoliticsMar 13 UTC
• constructiondive.com1

  1. Fed raises rates but construction has a bigger problem | Construction Dive
• d18rn0p25nwr6d.cloudfront.net1Unverified host

  1. d18rn0p25nwr6d.cloudfront.net
• d1e00ek4ebabms.cloudfront.net1Unverified host

  1. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Petitioner, v. Miscellaneous Action No. 26-12 (JEB)
• Docket Alarmdocketalarm.com1

  1. Gucci America, Inc. v. The Individuals, Business Entities, and Unincorporated Associations Identified on Schedule A, 1:25-cv-25474 (S.D.Fla.)
• dpa-international.com1

  1. First reported Oct 1 03:50 UTC
  2. US watchdog finds no criminal wrongdoing in Fed renovations | dpa internationalOct 1 UTC
• FDIC OIGfdicoig.gov1

  1. First reported Sep 28 15:18 UTC
  2. The FDIC’s Information Security Program – 2026 | FDIC OIG OIGSep 28 UTC
• fdlp.gov1

  1. OIG: Semiannual Reports to Congress
• fhfaoig.gov1

  1. First reported Sep 29 12:00 UTC
  2. Audits and Evaluations | FHFA-OIGSep 29 UTC
• fmc.gov1

  1. Semiannual OIG Reports - Federal Maritime Commission
• FOMC Insight Enginecausalityineconomics.com1

  1. The Retreat
• Fortunefortune.com1

  1. Jerome Powell defends Fed office renovations following Russ Vought letterJul 18 UTC
• Fox Businessfoxbusiness.com1

  1. Jeanine Pirro announces closure of Federal Reserve building cost probeApr 24 UTC
• franklintempleton.com1

  1. On My Mind: One Flew Over the Dove’s Nest | Franklin Templeton
• GovInfogovinfo.gov1

  1. www.govinfo.gov
• Head Topicsheadtopics.com1

  1. First reported Sep 30 17:17 UTC
  2. Watchdog finds no criminality in Fed renovation that drew Trump’s scrutiny | SingaporeSep 30 UTC
• HousingWirehousingwire.com1

  1. DOJ drops probe of Fed Chair Jerome PowellApr 24 UTC
• IEX.nliex.nl1

  1. First reported Sep 30 17:01 UTC
  2. Watchdog finds problems but no Fed misconduct in Powell-era renovation projectSep 30 UTC
• JD Suprajdsupra.com1

  1. Beyond the Numbers - Key Takeaways from HHS-OIG's Spring 2026 Report | King & Spalding - JDSupra
• Just The Newsjustthenews.com1

  1. justthenews.com
• KTVZktvz.com1

  1. First reported Sep 30 17:00 UTC
  2. Powell did not break the law with expensive Fed renovations that incensed Trump, report findsSep 30 UTC
• KXLY kxly.comkxly.com1

  1. Prosecutor told judge no evidence existed to criminally pursue Powell over costly Fed renovations | Money | kxly.com
• law.co1

  1. Massman Construction Co. v. United States
• Law.comlaw.com1

  1. US Judge Quashes DOJ Grand Jury Subpoenas Demanding Federal Reserve MaterialsMar 13 UTC
• law360.com1

  1. In re: Donald Trump, et al
• Maryland Daily Recordthedailyrecord.com1

  1. First reported Sep 30 17:30 UTC
  2. Watchdog finds no Fed misconduct in Powell-era renovation projectSep 30 UTC
• Minnesota Lawyerminnlawyer.com1

  1. grand jury subpoenas
• moneycontrol.com1

  1. Fed watchdog finds no criminal wrongdoing in $2.4 billion HQ renovation amid Trump-Powell row- Moneycontrol
• motherjones.com1

  1. A Federal Judge Just Called Out the DOJ for Politically Motivated Prosecutions – Mother Jones
• MS NOWms.now1

  1. First reported Sep 30 17:48 UTC
  2. Inspector general investigation discredits Trump’s claims about Federal Reserve renovationsSep 30 UTC
• News That Matters Mostconsultentency.com1

  1. First reported Sep 30 18:54 UTC
  2. Fed watchdog finds no laws broken in $2.5 billion Fed renovations Trump has calledSep 30 UTC
• news10.com1

  1. www.news10.com
• NewsBreaknewsbreak.com1

  1. First reported Sep 30 17:11 UTC
  2. The Fed's building renovations and Trump's push to oust PowellSep 30 UTC
• newstribune.com1

  1. First reported Oct 1 09:00 UTC
  2. Fed’s watchdog finds no evidence of criminality in renovations | Jefferson City News TribuneOct 1 UTC
• nycourts.gov1

  1. Board of Mgrs. of the 80th at Madison Condominium v 1055 Madison Ave. Owners LLC (2026 NY Slip Op 00005)
• nypost.com1

  1. Federal Reserve HQ Renovation costs hit $2.5B: OIG Report clears Powell
• outlook.com1

  1. nam11.safelinks.protection.outlook.com
• oversight.gov1

  1. www.oversight.gov
• pacermonitor.com1

  1. IN RE GRAND JURY SUBPOENAS (1:26-mc-00012), District Of Columbia District Court
• PBS Newspbs.org1

  1. First reported Sep 30 18:25 UTC
  2. No criminal wrongdoing in Federal Reserve building renovation, watchdog says, but it was mismanagedSep 30 UTC
• platypuseconomics.com1

  1. A Tale of Three Kevins - by Justin WolfersSep 17 UTC
• Radio Station Transcriptsradio-transcript.com1

  1. CNBC - March 13, 2026 20:00 Transcript
• remarkboard.com1

  1. Fed watchdog finds no laws broken in $2.5 billion Fed renovations Trump has called “disgraceful” | Politics | Remarkboard
• Scotsman Guidescotsmanguide.com1

  1. First reported Sep 30 19:57 UTC
  2. Federal Reserve watchdog clears Powell in headquarters renovation sagaSep 30 UTC
• Scripps Newsscrippsnews.com1

  1. Prosecutor conceded lack of criminal evidence in Federal Reserve investigationMar 25 UTC
• spectrumlocalnews.com1

  1. DOJ drops criminal probe into Fed Chair Jerome PowellApr 24 UTC
• The Daily Beastthedailybeast.com1

  1. First reported Sep 30 23:50 UTC
  2. Trump Loses It on Own Pick for ‘Boring’ Decor in 424-Word RantSep 30 UTC
• the Guardiantheguardian.com1

  1. First reported Sep 30 17:49 UTC
  2. Federal Reserve watchdog finds no criminal violations…Sep 30 UTC
• The Independentindependent.co.uk1

  1. First reported Sep 30 17:59 UTC
  2. No criminal wrongdoing in $2.5Bn Federal building renovation but it was mismanaged, watchdog findsSep 30 UTC
• The Motley Foolfool.com1

  1. 3 Words From Fed Chair Kevin Warsh That Are Sending Shockwaves Through Wall StreetSep 2 UTC
• The Seattle Timesseattletimes.com1

  1. First reported Sep 30 17:02 UTC
  2. Fed watchdog finds no crimes in $2.4B building renovation, only mismanagementSep 30 UTC
• The Stanford Reviewstanfordreview.org1

  1. From the Farm to the Fed: Kevin WarshMay 18 UTC
• U.S. Department of Homeland Securitydhs.gov1

  1. First reported Sep 28 12:00 UTC
  2. Audits, Inspections, and Evaluations | Office of Inspector GeneralSep 28 UTC
• U.S. Government Accountability Office (U.S. GAO)gao.gov1

  1. www.gao.gov
• Upstractupstract.com1

  1. Watchdog finds Fed mishandled renovations that Trump tried to oust Powell over
• washingtonpost.com1

  1. Watchdog finds Fed mishandled renovations that Trump tried to oust Powell over - The Washington Post
• washingtontimes.com1

  1. IG report finds no misconduct around Fed building renovation
• wsj.com1

  1. Why Does Renovating the Fed Cost $2.5 Billion? Asbestos, Height Limits, Lead - WSJ
• Yahoo Newsyahoo.com1

  1. Fed's $2.5 billion renovation broke no laws, but watchdog blasts cost overruns
• Yonhap Infomaxinfomaxai.com1

  1. First reported Sep 30 22:17 UTC
  2. Trump Says Powell Should Resign from Fed Board 'Or Face Lawsuit' < International news < ArticleSep 30 UTC