The Federal Reserve released a 126-page report that clears Jerome Powell of criminal wrongdoing regarding a remodeling project.
Posted by Behind the Bastards, Checked
- Sources
- 5 contradict3 support1 context
- Said
- 1 time·
- Confidence
- 80%
Behind the BastardsOct 3, 2026
The report exists and clears former Fed Chair Powell of criminal wrongdoing, as several outlets confirm, but sources put the report at 120 or 121 pages, not 126. The central claim holds while the page count is wrong.
Minor detail. The sources confirm the claim; only a minor detail differs, such as a name's spelling, a title's wording or a rounding.
What was said
… And the end result of that was that this investigation was sort of moved to the Fed's, the Fed's, like, independent watchdog, and this week the Fed finally released a really, like, 126 page long report that clears Jerome Powell of any criminal wrongdoing, which, like, I mean, yes, obviously he, like, didn't commit a bunch of crimes in this remodeling. There is a bunch of stuff there about, like, ah, there were cost overruns, and they should have had, like, a cap on costs, but I don't know, like, a, the Fed …
Behind the Bastards · · from the transcriptPost →What we found
Contradicts. The page count is contradicted: AP and PBS describe a 120-page report, The Hill and the Washington Examiner describe a 121-page report, and CNN also reports 120 pages. None describes a 126-page report.[1][3][4][5][6]
Supports. The Fed's inspector general released a report on September 30, 2026 finding no reasonable grounds to believe a federal crime occurred in the renovation, which effectively clears Powell of criminal wrongdoing.[2][3][7][8]
Context. The same report found management and oversight failures that contributed to cost overruns, so it does not clear the Fed's project management, only the criminal question.[1][2][9]
Sources
9 sources: 2 fact-checkers, 1 tier 1, 2 tier 2, 4 not rated
- 1Watchdog finds Fed building renovation was mismanaged, ...apnews.com · fact-checker · cited for: contradicts, context
- 2Watchdog finds no Fed misconduct in renovation; Trump calls for Powell's resignationreuters.com · fact-checker · cited for: supports, context
- 3Fed watchdog finds no criminality in renovation probethehill.com · tier 1 · cited for: contradicts, supports
- 4No criminal wrongdoing in Federal Reserve building ...pbs.org · tier 2 · cited for: contradicts
- 5Trump targets Powell again after report says he did not ...edition.cnn.com · not rated · cited for: contradicts
- 6Federal Reserve watchdog finds no illegal conduct from Powell renovationswashingtonexaminer.com · not rated · cited for: contradicts
- 7Fed Watchdog Releases Long-Awaited Audit of Building Cost Overrunswsj.com · tier 2 · cited for: supports
- 8Fed watchdog clears former chair Powell in renovation probeaxios.com · not rated · cited for: supports
- 9Fed watchdog finds renovation failures, but no grounds for ...cnbc.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
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