Department of Justice Ends Investigation of Federal Reserve Chair Jerome Powell

The Department of Justice has ended its criminal investigation of Federal Reserve Chair Jerome Powell. Jeanine Pirro, the top federal prosecutor in the District of Columbia, said in an April 24 post on X that she has directed her office to close its investigation. “This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers,” Pirro said. Pirro will receive a comprehensive report from the Inspector General regarding the central bank’s renovations of its headquarters in Washington. “Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry,” she added. “Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.”...