{
  "id": 11036160,
  "title": "Trump says he asked Blanche to 'study' Fed watchdog report that cleared Powell",
  "url": "https://urgent.news/2026/09/30/trump-says-he-asked-blanche-to-study-fed-watchdog-report-that-cleared",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T21:37:14.000Z",
  "source": {
    "name": "The Hill",
    "slug": "the-hill",
    "url": "https://thehill.com/homenews/administration/6121704-trump-blanche-fed-renovation/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The US Federal Reserve's Office of Inspector General has released a report clearing former Fed Chair Jerome Powell of criminal wrongdoing related to the central bank's renovations. The report found no evidence of a federal criminal law violation, and the watchdog did not identify administrative misconduct during its evaluation.\n\nThe renovations, which included work on the Fed's headquarters in Washington, experienced significant cost overruns, with costs more than doubling to around $2.4-2.5 billion. According to The Hill, President Trump wrote that he asked Attorney General Todd Blanche to study the report and make a determination. The report faulted Fed management and oversight of the project, stating that the Fed did not take actions available to it that could have better controlled costs and mitigated some of the significant construction cost increases.\n\nThe investigation had become a focal point in President Trump's efforts to pressure Powell into easier monetary policy, with Trump publicly attacking Powell over the project's soaring costs. Powell remained on the Board as governor even after his term as Fed chair ended in May.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "The Fed’s building renovations and Trump’s push to oust Powell",
        "url": "https://urgent.news/2026/09/30/the-feds-building-renovations-and-trumps-push-to-oust-powell",
        "published": "2026-09-30T17:12:58.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Trump: Interner Prüfer findet kein Fehlverhalten von Powell bei Umbau des Fed-Gebäudes",
        "url": "https://urgent.news/2026/09/30/trump-interner-prufer-findet-kein-fehlverhalten-von-powell-bei-umbau",
        "published": "2026-09-30T19:20:50.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Powell cleared in handling of Fed renovations",
        "url": "https://urgent.news/2026/09/30/powell-cleared-in-handling-of-fed-renovations",
        "published": "2026-09-30T20:58:25.000Z"
      },
      {
        "outlet": "France 24",
        "title": "Trump renews calls for former Federal Reserve chief Jerome Powell's resignation",
        "url": "https://urgent.news/2026/09/30/trump-renews-calls-for-former-federal-reserve-chief-jerome-powells",
        "published": "2026-09-30T23:44:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}