Economics
DoJ declines to reopen investigation into former Fed chair Jay Powell
Guardian Economics · Leans Left
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.
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