Business & Economy
Fed watchdog finds renovation failures, but no grounds for criminal referral
The Federal Reserve' s inspector general determined management and oversight failures contributed to major cost overruns in the central bank's headquarters renovation, but found no grounds for a criminal referral, it said in a report…
Summary
The Federal Reserve' s inspector general determined management and oversight failures contributed to major cost overruns in the central bank's headquarters renovation, but found no grounds for a criminal referral, it said in a report released Wednesday. "At no point during our evaluation did we find reasonable grounds to believe that a violation of federal criminal law had occurred requiring a referral to the U.S.
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