Powell Is Cleared on the Fed Renovation, and the Pentagon Plans Roughly 20% Fewer Generals

The Federal Reserve's Inspector General found no criminal activity by former Chair Jerome Powell related to the renovation of the central bank's headquarters, PBS NewsHour reported in its Wednesday news wrap. The same wrap carried a second change to an institution's shape: Pete Hegseth announced that the Pentagon will cut the number of its generals and admirals by roughly 20%. Note the hedge in that second item - 'roughly' is the announced scale, and it describes a planned reduction rather than one already carried out. The Powell finding, for its part, addresses one specific question: criminal activity related to the renovation.