The U.S. Justice Department is not reopening a criminal investigation into former Federal Reserve Chair Jerome Powell related to alleged cost overruns connected to the central bank’s building renovation project.
According to multiple outlets, DOJ spokespersons and Attorney General Todd Blanche state that no new criminal probe will be pursued. Bloomberg adds that while the department is not reopening the matter, it does not rule out continuing to look at the project’s oversight. Bloomberg also says the DOJ could take action if new evidence of wrongdoing emerges.
Other reports similarly frame the update as a decision not to restart criminal scrutiny of Powell, with the referenced issue centered on the renovation’s cost overruns and associated oversight. The outlets differ mainly in the amount of detail about what DOJ may do next, but they agree on the core point: the DOJ is not reopening the criminal probe.
