DOJ Says It Will Not Reopen Criminal Probe Into Former Fed Chair Powell
The decision follows an inspector general report finding no grounds for a criminal referral over the renovation of the Fed's headquarters.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
The Department of Justice has confirmed it will not reopen a criminal probe into former Federal Reserve Chair Jerome Powell.
The confirmation follows a report from the Federal Reserve's inspector general, which found there were no grounds for a criminal referral over the mismanaged renovation of the Fed's headquarters.
The inspector general's findings appear to have settled questions about whether the renovation project warranted further criminal scrutiny.
The Fed's headquarters renovation had previously drawn attention over cost overruns and management concerns, prompting the inspector general's review.
With the DOJ's confirmation, the matter appears to be closed at the federal criminal level, barring any new evidence emerging.
Sources
- DOJ says it will not reopen criminal probe into former Fed Chair Powell — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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