Fed watchdog clears former chair Powell in renovation probe — Live Feedhttps://www.live-feeds.com/feed/fed-watchdog-clears-former-chair-powell-in-renovation-probeContinuously updated, source-cited coverage. Fed Watchdog Clears Former Chair Powell In Renovation Probehttps://www.live-feeds.com/feed/fed-watchdog-clears-former-chair-powell-in-renovation-probehttps://www.live-feeds.com/feed/fed-watchdog-clears-former-chair-powell-in-renovation-probe#u96367Sat, 03 Oct 2026 10:01:05 +0000A federal watchdog has cleared former central bank chief Jerome Powell of criminal misconduct or illegal activity following an investigation into costly Federal Reserve building renovations. Despite finding that the Fed mishandled costs and experienced significant overruns on the project, the watchdog concluded there were no grounds for a criminal referral. Following the report, Donald Trump demanded that Powell resign from the central bank board, continuing a long-running dispute between the administration and the former chair over the multi-billion-dollar project.Why it mattersDonald Trump p