The U.S. Department of Justice (DOJ) on Friday dropped its investigation into the Federal Reserve regarding Jerome Powell’s congressional testimony on the central bank’s headquarters renovation. The decision could ease the path for Kevin Warsh‘s confirmation as Powell’s successor.

Jeanine Pirro, U.S. Attorney for the District of Columbia, announced that she’s closing the investigation and directing the Fed’s internal watchdog to review the matter.

“This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns — in the billions of dollars — that have been borne by taxpayers,” Pirro said in details ⇒

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