U.S. Attorney Jeanine Pirro announced Friday that federal prosecutors are closing their criminal investigation into Federal Reserve Chairman Jerome Powell, shifting the inquiry over potential cost overruns at the Fed’s Washington, D.C., headquarters renovation to the central bank’s own inspector general. The move clears a major obstacle to Kevin Warsh’s confirmation as Powell’s successor, and raises fresh questions about whether anyone will be held accountable for a project whose price tag ballooned by hundreds of millions of dollars.
Pirro wrote on X that she had directed her office to close the investigation, expressing confidence that the inspector general’s review would resolve the questions that prompted prosecutors to issue grand-jury subpoenas in the first place.
Read Full Article: https://conservativeinstitute.org/justice/federal-prosecutors-end-criminal-probe-of-fed-chair-jerome-powell-hand-inquiry-to-inspector-general.htm
