Fed Inspector General to Review Yellen's Security

Features Reuters

The Federal Reserve's inspector general plans to conduct a review of the central bank's Protective Services Unit, which provides security for Chairwoman Janet Yellen.

"Our evaluation of the PSU will include assessing the efficiency and effectiveness of the PSU's operations and determining compliance with applicable laws and regulations, as well as internal policies and procedures," the inspector general's office said in a list, updated this month, of ongoing and future audits.

The audit is planned, but the list offered no timetable for its completion.

The Fed on Monday referred an inquiry to the inspector general's office, which didn't immediately respond to a request for additional information.

Some of Ms. Yellen's neighbors last year complained about an "armed camp" established by her security detail in a Washington gated community. Among other things, they sought an evaluation by the inspector general.

The Fed at the time said Ms. Yellen received the same level of security as previous Fed chiefs.

The inspector general conducted reviews of the Protective Services Unit in 2007 and 2012. Both reports found the unit "generally complies" with regulations, procedures and laws, and made recommendations that officials agreed to implement, according to summaries posted on the inspector general's website. Neither report was made public.

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