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DOJ declines to reopen Powell probe over Fed renovation
Original: DOJ declines to reopen Powell probe, likely putting Fed renovation uproar to rest
The US Department of Justice has decided not to reopen an investigation into Federal Reserve Chair Jerome Powell concerning the cost overruns in the Fed's headquarters renovation. The decision effectively closes the chapter on a controversy that drew political criticism of the central bank's leadership. Observers see it as removing a legal overhang from Powell, though debate over the renovation's price tag may continue in Congress.
Why now: The DOJ's decision resolves a politically charged investigation into the Fed chair at a time when the Fed is under intense public scrutiny.
Jerome PowellDepartment of JusticeFederal Reserve
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