The Federal Reserve's costly renovation project will have a new manager as Fed Chair Kevin Warsh has tasked the General Services Administration (GSA) with managing the completion of the project.On Wednesday, the Fed's Office of Inspector General released a report which found that while there was no administrative misconduct in the management of the more than $2 billion project, mistakes were made that have contributed to significant cost overruns and delays. Inflation contributed to those cost increases, as well as unanticipated project needs, while lapses in project management and contracting...
Fed's Warsh cracks down on HQ renovation, taps GSA to lead
HALO Newsroom
Oct 1, 2026 • 3 weeks ago
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Wayne G Fraser
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