Trump Demands Powell Resign Despite Fed Watchdog Clearance

The Federal Reserve's inspector general found no criminal wrongdoing or administrative misconduct in a 120 page report, though it criticized deficiencies in the management of the headquarters and adjacent property. The project saw estimated costs rise from $1.3 billion to $2.8 billion, but the probe found that high-gloss design finishes were not a primary driver of those overruns. The Fed will commission a separate independent audit to address the identified failures.