DOJ will not reopen criminal probe into Powell
The US Justice Department will not reopen a criminal probe into former Federal Reserve Chair Jerome Powell over building renovation costs. However, officials noted a new review could prompt further action if wrongdoing is found.
The United States Justice Department will not reopen a criminal probe into former Federal Reserve Chair Jerome Powell regarding building renovation cost overruns, a spokesperson said on Friday. The decision follows an Inspector General report finding no grounds for criminal charges. Powell remains at the central bank as a governor.
