The Bad PlaceNBC News Top Stories | Justice Dept. drops investigation into Federal Reserve and Jerome Powell by Steve Kopack
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The Justice Department announced it is ending its criminal probe into the Federal Reserve and Chair Jerome Powell over a costly renovation of the central bank’s Washington headquarters, directing the inquiry to the Fed’s Inspector General, who has already reviewed the project twice and found no wrongdoing. U.S. Attorney Jeanine Pirro said the closure allows the Inspector General to examine the billions‑in‑taxpayer cost overruns, and added she would reopen the case if new evidence warranted it. The move removes a major obstacle for President Donald Trump’s nominee, former Fed governor Kevin Warsh, to advance toward a Senate confirmation vote, though Senator Thom Tillis continues to block the nomination, citing what he calls a “bogus” investigation—claims that other lawmakers say lack merit. The Federal Reserve declined to comment on the decision.
Read more: https://www.nbcnews.com/business/economy/justice-dept-drops-probe-federal-reserve-powell-rcna341876
#FederalReserve #JeromePowell #JeaninePirro #DonaldTrump #KevinWarsh #ThomTillis #NBCNews #SteveKopack #Senate #
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