DoJ declines to reopen investigation into former Fed chair Jay Powell
AI Summary
The U.S. Justice Department will not reopen its criminal investigation into former Federal Reserve chair Jerome Powell over cost overruns on the central bank’s renovation project. Attorney General Todd Blanche said officials could still examine the project and act if evidence of wrongdoing emerges.
Kevin Warsh’s predecessor had been investigated over cost overruns related to central bank renovation project The US justice department is not reopening a criminal investigation into former Federal Reserve chair Jerome Powell for cost overruns related to the central bank’s building renovation project, a department spokesperson said on Friday. Attorney general Todd Blanche – in comments to Bloomberg News, which first reported the development – said he has not ruled out continuing to look into the project’s oversight and potentially take action if evidence of wrongdoing came to light. Continue reading...