Fed Chair Kevin Warsh said on Wednesday he met with the Fed inspector general, who expects to publish a report this summer on cost overruns in the Federal Reserve’s Washington headquarters renovation. The project drew intense political scrutiny; the Trump administration previously opened a criminal probe into former Fed Chair Powell over the work, which was later dropped. The episode was cited as a factor in Powell’s decision to remain on the Fed’s Board of Governors after his chair term expired

Fed Chair Kevin Warsh said on Wednesday he met with the Fed inspector general, who expects to publish a report this summer on cost overruns in the Federal Reserve’s Washington headquarters renovation. The project drew intense political scrutiny; the Trump administration previously opened a criminal probe into former Fed Chair Powell over the work, which was later dropped. The episode was cited as a factor in Powell’s decision to remain on the Fed’s Board of Governors after his chair term expired in May.