Federal Reserve Investigation Dropped Over Building Cost Issues

AI Summary

The US Justice Department has terminated its investigation into Federal Reserve Chairman Jerome Powell regarding alleged building cost overruns. An internal inquiry will be conducted by the Fed's inspector general instead. President Trump has previously criticized the renovation expenses, which he claims are excessive. The inspector general's office is actively reviewing the matter and plans to report the findings to the public and Congress upon completion. The outcome could influence the confirmation of Trump's nominee, Kevin Warsh, as Powell's replacement.