Federal Reserve Renovation Investigation Closed by U.S. Attorney Jeanine Pirro

13 articles · Updated · POLITICO · Apr 27

Pirro announced Friday her office is ending its probe into costly Federal Reserve renovations, which outgoing Chair Jerome Powell said were used to pressure policymakers on interest rates.
The closure allows Senator Thom Tillis to support a Senate Banking Committee vote on Kevin Warsh's Fed chair nomination, though a separate Inspector General investigation continues and Pirro reserves the right to file charges.
Trump administration officials dispute the term 'dropped,' emphasizing the matter's transfer to the Inspector General. Powell’s decision to remain as Fed governor depends on the DOJ investigation’s final outcome.

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