The Department of Justice is dropping its criminal investigation of Federal Reserve Chairman Jerome Powell over costly building renovations at the central bank’s headquarters in the nation’s capital.
DC US Attorney Jeanine Pirro announced Friday that the Fed’s inspector general instead “has been asked to scrutinize the building costs overruns — in the billions of dollars — that have been borne by taxpayers.”
“The IG has the authority to hold the Federal Reserve accountable to American taxpayers,” Pirro said. “I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas.”
Read more at https://nypost.com/2026/04/24/us-news/trump-doj-dropping-criminal-probe-of-jerome-powell-over-central-bank-renovations/
#jeromepowell #federalreserve #kevinwarsh
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