The Federal Reserve’s independent watchdog says it found no reasonable grounds to believe a violation of federal law in a multibillion-dollar renovation project that drew criticism from President Trump and short-lived scrutiny from federal prosecutors. ↧ Watchdog finds no criminality in Fed renovation that drew Trump’s... The Federal Reserve’s inspector general did fault the central bank’s board for mismanaging costs. The DOJ previously launched its own probe that was blocked by a federal judge.