US Justice Department Will Not Reopen Criminal Probe Into Jerome Powell
· World · Bloomberg, CNBC
The US Justice Department will not reopen a criminal investigation into former Federal Reserve Chair Jerome Powell, according to Blanche. The inquiry previously focused on cost overruns related to the central bank's building renovation project in Washington. Investigators evaluated the financial expenditures tied to the construction work before reaching this conclusion. No criminal charges will be pursued against Powell or other central bank officials in connection with the project.
Why it matters
The decision clears the former Federal Reserve Chair of potential criminal liability regarding central bank building expenditures.
Read the original report — Bloomberg
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