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DoJ declines to reopen investigation into former Fed chair Jay Powell

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This story was selected and curated by our editorial team in the Business category. Published on October 2, 2026 • Originally reported by Reuters. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Kevin Warsh’s predecessor had been investigated over cost overruns related to central bank renovation project

The US ⁠justice department is not reopening a criminal investigation into former Federal Reserve chair Jerome Powell ⁠for cost overruns ⁠related ​to the central bank’s building renovation project, a department spokesperson said on Friday.

Attorney general Todd ⁠Blanche – in comments to Bloomberg News, which first reported the development – said he has not ruled out ⁠continuing to look into the project’s oversight and potentially take ​action if evidence of ‌wrongdoing came to ‌light.

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