POLITICSNY Post - Politics·1d ago

Fed blasted by top watchdog over ‘mismanaged’ $2.5B ‘Palace of Versailles’ HQ work

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An Inspector General review has criticized the Federal Reserve for significant cost overruns and mismanagement regarding renovations at its Washington, D.C. headquarters.

An Inspector General review detailed massive cost overruns, mismanagement and contracting failures at the Fed's DC offices.

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