Fed blasted by top watchdog over ‘mismanaged’ $2.5B ‘Palace of Versailles’ HQ work
An Inspector General review detailed massive cost overruns, mismanagement and contracting failures at the Fed's DC offices.
Last updated: 2026-10-05 22:04:00 ET
An Inspector General review detailed massive cost overruns, mismanagement and contracting failures at the Fed's DC offices.
The Fed’s watchdog found cost overruns but no evidence of criminal violations after the Justice Department dropped an investigation into the renovations earlier this year.
Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest ratesAn internal watchdog said the Federal...
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