The Federal Reserve: a Renovation Report, an Inflation Tracker, and a Tale of Espionage 9/30/26

A cleared Fed renovation probe raises odds Powell exits soon, even as inflation cools and 10-year yields near 2007 highs.

• IG clears Fed on renovations: Fed Inspector General found no criminal or administrative misconduct in the $2.4B renovation (up from a $1.3B 2020 estimate), blaming board mismanagement, not Powell personally.
• Odds shift on Powell's exit: Steve Leisman says the cleared investigation removes a key reason Powell was staying, raising odds he steps down and lets Trump name a successor (Stephen Miran floated as a possible return).

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