{
  "id": 11053261,
  "title": "Watchdog finds no Fed misconduct in renovation; Trump calls for Powell’s resignation",
  "url": "https://urgent.news/2026/09/30/watchdog-finds-no-fed-misconduct-in-renovation-trump-calls-for",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T22:44:19.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/global/watchdog-finds-no-fed-misconduct-renovation-trump-calls-powells-resignation"
  },
  "original_language": "en",
  "account": "The Federal Reserve's Inspector General reported on Wednesday (Sep 30) that it found no evidence of criminal misconduct or administrative wrongdoing within the organization tied to the renovation project of the central bank's historic buildings on the National Mall in Washington. However, the report highlighted extensive issues with project oversight that contributed to a $1 billion cost overrun for the renovation, bringing the project's total price tag to approximately $2.4 billion. President Donald Trump seized upon the cost overrun in his effort to force Federal Reserve Chair Jerome Powell to resign and gain influence over the direction of monetary policy. Trump alleged that Powell was incompetent and unfit to manage the Fed, and he directed Attorney General Todd Blanche to investigate the matter further. However, the Inspector General's report concluded that there was no reasonable basis to believe that a federal criminal law violation had occurred.",
  "summary": "Trump had for years criticised Powell for not lowering interest rates",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}