Trump says he asked Blanche to ‘study’ Fed watchdog report that cleared Powell
The inspector general found no criminal referral was warranted, but said weak oversight and mismanagement helped drive about $1 billion in overruns.
- On Wednesday, President Trump directed Attorney General Todd Blanche to 'study the report, and make a determination as to what to do' regarding the Federal Reserve's roughly $1 billion renovation overruns, though the Inspector General found no criminal wrongdoing.
- Tensions escalated following the Inspector General's report release, as Trump continued his campaign to oust former Fed Chair Jerome Powell over monetary policy disputes dating back to 2018.
- The 120-page report detailed management failures including a $346 million payment for plumbing and air conditioning—triple initial estimates. Yet the Inspector General noted 'at no point during our evaluation did we find reasonable grounds' for criminal charges.
- Trump wrote on Truth Social that Powell should resign or 'be sued, at the highest level, by the United States Government, for either corruption or incompetence.' Senator Elizabeth Warren countered the findings showed 'no basis to restart the president's witch hunt.'
- Fed Chairman Kevin Warsh, who succeeded Powell in May, will hire an independent auditor to 'verify accuracy and compliance' of project costs, signaling institutional commitment to address the oversight failures identified in the report.
23 Articles
23 Articles
Trump Calls For DOJ To Sue Powell For “Corruption”
“The Inspector General’s Report just came out on Jerome ‘Too Late’ Powell’s ‘renovation of the Federal Reserve Headquarters in Washington, D. C. The IG’s Report states that there were ‘deficiencies in the management of the renovation project. ‘ The Building is over budget, at a Record Setting rate and, at a minimum, ‘Too Late’ Powell … The post Trump Calls For DOJ To Sue Powell For “Corruption” appeared first on Joe.My.God..
Trump's 'creative' new attack just ensured his nemesis will retain powerful role: expert
President Donald Trump demanded Tuesday that Federal Reserve member and former chair Jerome Powell resign or face a federal lawsuit. A prominent economist says the attack will probably keep Powell in his job longer."I can't think of a more effective way to ensure that Jay Powell stays on the Fed, and I want to thank the President for his creative efforts to retain him," Justin Wolfers, an economist at the University of Michigan, wrote on X.Trump…
U.S. President Donald Trump demanded the resignation of former Federal Reserve Chairman Jerome Powell from the Fed Management Board because of the over-budget for headquarters reconstruction. Trump stated that Powell should be forcibly retired or held accountable by the U.S. Government for corruption or incompetence. Bloomberg wrote that the American leader had instructed Attorney General Todd Blanch to examine the report of the Fed Inspector Ge…
U.S. President Donald Trump demanded the withdrawal of Jerome Powell from the board of directors of the Federal Reserve system because of the over-budget for the renovation of its headquarters during his presidency. "The building did not fit into the budget, the record overrun, and "It's too late" Powell should be forced to leave the board," wrote Trump on the Truth Social Social Social Network, using a nickname he had long used for Powell becau…
Montana Standard
Watchdog doesn't find misconduct by Powell
WASHINGTON — The Federal Reserve's Inspector General on Wednesday said it found no grounds for a criminal referral or evidence of administrative misconduct tied to cost overruns in a central bank renovation project that drew scorn from President Donald Trump…
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