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BUSINESSPhiladelphia Inquirer·8h ago

Fed watchdog finds no crimes in $2.4B building renovation, only mismanagement

Photo · Julia Demaree Nikhinson
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The Federal Reserve's internal watchdog found no criminal wrongdoing in a major building renovation project. However, the report concluded that the agency broadly mismanaged the project.

The Federal Reserve’s internal watchdog said Wednesday that the agency has broadly mismanaged an expansive building renovation project but did not find any criminal violations, as alleged by Trump administration prosecutors

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