The U.S. Department of Justice will not reopen a criminal investigation into former Federal Reserve Chair Jerome Powell regarding cost overruns from a renovation project at the central bank. The Fed's inspector general found no evidence of criminal misconduct but noted issues with oversight, prompting renewed calls for Powell's resignation from former President Donald Trump.
With the DOJ's decision, attention shifts to Kevin Warsh's independent audit of the renovation project. Stakeholders should monitor the audit's findings closely, as any evidence of oversight failures could reignite scrutiny on Powell and influence future Fed policies.