Trump administration investigation of Fed Chair Jerome Powell scrapped

By: Ashley Murray

Outlets: DC Bureau (States Newsroom)

Published: April 24, 2026

Words: 614

Last Updated: 3 months, 1 week ago

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WASHINGTON — The Department of Justice dropped its investigation Friday of the Federal Reserve and Chair Jerome Powell over building renovation costs, a move that could open the door for new Fed leadership next month — and signaled a victory for North Carolina Sen. Thom Tillis.

U.S. Attorney Jeanine Pirro said her office closed the probe after a request to the Fed’s inspector general to examine the cost overruns.

“The IG has the authority to hold the …

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