Inspector General finds no criminal activity by Powell regarding Fed renovation
PBS · September 30, 2026Original source ↗
What happened
The Federal Reserve's Inspector General concluded that former Chair Jerome Powell was not involved in any criminal activity related to the renovation of the central bank's headquarters. In other news, Pete Hegseth announced plans for the Pentagon to reduce the number of generals and admirals by approximately 20%. Ukrainian officials reported that Russian strikes resulted in the deaths of at least seven individuals, including a child.
Why it matters
This story is significant as it addresses accountability within federal agencies and the impact of international conflict.
How this story affects people
How does this story affect you if you are a Federal Reserve employee?
The conclusion of no criminal activity regarding the renovation may restore confidence in leadership and operations within the Federal Reserve. This could positively impact workplace morale and stability as employees feel reassured about the integrity of their institution.
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