BREAKING: DOJ drops probe against Jerome Powell over Fed renovation cost overruns | The Post Millennial– thepostmillennial.com

The Department of Justice has dropped their probe of Federal Reserve Chair Jerome Powell over an investigation into him with respect to cost overruns for a renovation project of the Fed’s headquarters in Washington, DC.

“This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers,” US Attorney for DC Jeanine Pirro said in a post to X.

“The IG has the authority to hold the Federal Reserve accountable to American taxpayers. 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. Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry. Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so,” she added.