Federal Reserve investigators cleared former Chair Jerome Powell of any wrongdoing in the renovation of the central bank’s headquarters, concluding no criminal activity was found. Defense Secretary Pete Hegseth revealed plans to reduce the number of senior military officers at the Pentagon by about one-fifth as part of broader leadership restructuring. Meanwhile, Ukrainian authorities reported that recent Russian airstrikes resulted in civilian casualties, including at least one child. The developments span financial oversight, military reforms, and the ongoing conflict in Ukraine.
In our news wrap Wednesday, 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, Pete Hegseth announced that the Pentagon will cut the number of its generals and admirals by roughly 20% and Ukraine officials say Russian strikes killed at least seven people, including a child.
