News Wrap: Watchdog finds no criminal activity by Powell related to Fed renovation
Summary
The Federal Reserve's Inspector General found no criminal activity by Chair Jerome Powell related to the central bank's building renovation. The Pentagon plans to reduce its number of generals and admirals by about 20%. Meanwhile, Ukraine reported that Russian attacks killed at least seven people, including a child.Key Facts
- The Federal Reserve's Inspector General investigated Jerome Powell over the Fed's headquarters renovation.
- No criminal activity was found by Jerome Powell in this investigation.
- The Pentagon announced it will cut roughly 20% of its generals and admirals.
- Ukrainian officials reported Russian strikes resulting in at least seven deaths.
- Among the victims of the Russian strikes was a child.
- These events were reported together in a news summary on Wednesday.
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