Federal Reserve Under Scrutiny: Renovation Cost Investigation Wrapped
The U.S. Justice Department has concluded its investigation into the cost overruns of renovations at the Federal Reserve under Chairman Jerome Powell. U.S. Attorney Jeanine Pirro announced that the Federal Reserve's Inspector General has been tasked with further examining the building expenses.
Devdiscourse News Desk | Washington DC | Updated: 24-04-2026 19:53 IST | Created: 24-04-2026 19:53 IST
- Country:
- United States
The Justice Department has officially concluded its investigation into the financial discrepancies regarding renovations at the Federal Reserve, led by Chairman Jerome Powell. The announcement was made by U.S. Attorney Jeanine Pirro on Friday.
Pirro revealed that the Inspector General of the Federal Reserve will now be tasked with conducting a thorough review of the building costs involved in the renovation project.
This development shifts the focus onto the Federal Reserve's internal oversight, ensuring transparency and accountability in the management of its renovation expenses.
(With inputs from agencies.)
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