Overview
- Jeanine Pirro, the U.S. attorney in Washington, closed the Justice Department’s criminal investigation Friday and shifted the Fed headquarters renovation review to the central bank’s inspector general.
- The move lifts Senator Thom Tillis’s hold on a Senate Banking Committee vote, and he says he will support nominee Kevin Warsh as Jerome Powell’s term ends May 15.
- The inquiry had focused on whether Powell misled Congress about the multibillion‑dollar renovation of the Fed’s Washington headquarters, reported at roughly $2.5 billion.
- A federal judge had already weakened the case by finding prosecutors lacked substantial evidence and by nullifying subpoenas tied to the investigation.
- Pirro said she could reopen a criminal case if new evidence appears, and President Trump signaled he may seek other avenues as the White House emphasized the review now continues under the inspector general.