DOJ temporarily pauses investigation into Fed Chair Powell

AI Summary

The Department of Justice's investigation into Federal Reserve Chair Jerome Powell is temporarily paused, according to a letter from Senators Elizabeth Warren and Dick Durbin. They expressed concern over the potential for the investigation to be relaunched due to political motivations. Powell had previously received subpoenas from the DOJ last year, which were quashed by a judge due to lack of specific evidence. The current inquiry involves cost overruns in Fed renovation projects, with further investigations contingent on findings by the Fed's inspector general.