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Fed watchdog clears former chair Powell in renovation probe
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A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented criminal investigation into then-Fed chair, which became public in January. What they're saying: "At no point during our evaluation did we find reasonable grounds to believe that a vio
- A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Just...
Key Takeaways
- A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented criminal investigation into then-Fed chair, which became public in January. What they're saying: "At no point during our evaluation did we find reasonable grounds to believe that a vio.
Media Spectrum
Total: 1 source•Published: 20m ago•Last Updated: 1m ago
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LeftCenterRight
Left-leaning
Coverage Gap
Unreported by left-leaning outlets. Coverage is currently concentrated on other perspectives.
Right-leaning
Coverage Gap
Unreported by right-leaning outlets. Coverage is currently concentrated on other perspectives.
Bias & Framing Analysis
Top Framing Differences
- Left: Coverage gap: Currently unaddressed by verified outlets on this side of the spectrum.
- Center: A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive headquarters renovation, according to a report released on Wednesday. Why it matters: The findings effectively clear Powell after the Justice Department opened an unprecedented criminal investigation into then-Fed chair, which became public in January. What they're saying: "At no point during our evaluation did we find reasonable grounds to believe that a vio
- Right: Coverage gap: Currently unaddressed by verified outlets on this side of the spectrum.
Overall Tone
Center
Coverage Blindspots
Left
Coverage blindspot: Reporting on this development is currently concentrated in other segments of the media landscape.
Right
Coverage blindspot: Reporting on this development is currently concentrated in other segments of the media landscape.
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Evaluated across 1 reporting source (0% Left · 100% Center · 0% Right)
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Outlet ConsensusCenter
Historical editorial baseline for Axios
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Politics & GovernanceCenter
Credibility ScoreHigh Credibility
89/ 100
Multi-factor accuracy index for Axios and related desks based on verifiable sourcing and editorial standards.
Factuality: High 100%
Ownership: Axios (Corporate)
Timeline of this story
- 19m agoAxios: A Federal Reserve watchdog found no criminal wrongdoing by former chair Jerome Powell in its investigation of the central bank's expensive h
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