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Economy

Oct 1, 2026, 7:18 AM
ECONOMY10/01/26

Fed IG Clears Powell in Renovation Probe

The Fed's inspector general found no criminal wrongdoing by Jerome Powell in its headquarters renovation investigation.

DIFFERENT FOCUS

Axios emphasized Powell Cleared, Trump Pressure; Breitbart News and RedState emphasized Oversight Failures, Warsh Reform.

LEFT FOCUS

  • ▸The renovation became a flashpoint in Trump's broader campaign against Powell and the Fed. — Axios
  • ▸The findings effectively clear Powell after an unprecedented criminal investigation became public in January. — Axios

RIGHT FOCUS

  • ▸The IG found the Fed repeatedly departed from contractual cost controls and allowed major spending without senior escalation. — Breitbart News
  • ▸Trump weighed in on the IG report's findings regarding Powell, per reporting on his response. — RedState
ECONOMYCOVERAGE GAP: LEFT SOURCES ONLYDEVELOPING10/01/26

US Treasury Yields Hit 24-Year High

US 10-year Treasury yields climbed to their highest level since 2002 amid global bond selloff.

DEVELOPING TIMELINE

First Report Sep 26: Mortgage rates topping 7% and rising costs are squeezing buyers and renters alike.

Oct 1: 10-year yield hits 24-year high since 2002

WHAT'S CONFIRMED

NOT REPORTED ELSEWHERE

  • ▸Rising oil prices drove renewed selloff in global bonds alongside yield increases. — Bloomberg Markets