politics

DOJ Declines to Reopen Criminal Investigation into Former Fed Chair Powell

2 Ekim 2026CNBC

The DOJ will not pursue a criminal investigation into former Fed Chair Powell following an inspector general report. This decision follows findings that there were no grounds for a criminal referral regarding the renovation of the Fed's he…
The Department of Justice has announced that it will not reopen a criminal investigation into former Federal Reserve Chair Jerome Powell. This decision follows a report from the Fed's inspector general, which found no basis for a criminal referral regarding the mismanagement of the Fed's headquarters renovation.
The findings suggest that the issues raised did not warrant further legal scrutiny.
The investigation into Powell was sparked by concerns over the renovation of the Federal Reserve's headquarters, which had been criticized for cost overruns and management issues. The inspector general's report played a crucial role in shaping the DOJ's decision, highlighting the importance of thorough internal revi…
The DOJ's decision not to pursue a criminal probe reflects a broader trend in regulatory oversight, where investigations may often conclude without substantial evidence of wrongdoing. This outcome could have implications for public trust in federal institutions, particularly in how they handle internal mismanagement…

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