Fed Inspector General Finds No Misconduct in $2.5 Billion Renovation Project

The Federal Reserve’s independent inspector general released a report on a costly $2.5 billion construction project, concluding that while the project was poorly managed, there was no evidence of misconduct or illegal activity. The report did not result in any referrals to the U.S. attorney general. This decision comes after scrutiny over the management of the renovation expenses.

Originally published by nyt