Fed’s Watchdog Finds No Evidence of Criminality in Renovations

The Federal Reserve's internal watchdog has cleared the central bank's $2.4 billion headquarters renovation project of any criminal wrongdoing, a significant development amid previous scrutiny from the Trump administration. This investigation was crucial as the project had become a point of tension during the push for lower interest rates last year. The findings alleviate concerns and suggest the project was conducted without any illicit activities, ensuring the integrity of the Fed's operations remains intact.