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Fed inspector general: 'Actively working' to complete ongoing review of Fed headquarters renovation

BY Reuters | ECONOMIC | 04/24/26 11:39 AM EDT

By Michael S. Derby

April 24 (Reuters) - The Federal Reserve's Inspector General, an in-house watchdog, said Friday it is continuing with its ongoing work to oversee issues around a renovation of the central bank's headquarters.

"In July of last year, the OIG announced that it was conducting an evaluation of the Board's building renovation project," a spokesperson for the Fed IG said. "This assessment includes our independent analysis of the project's substantial cost increases and overruns," and "we are actively working to complete our review, and look forward to making the results available to the public and Congress upon completion," the spokesperson said. (Reporting by Michael S. Derby; Editing by Chizu Nomiyama)

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