AI News about renovation project

Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows

Fed Probe Collapsed Before Judge Quashed Subpoenas, Records Show The Justice Department's investigation into the Federal Reserve's $2.5 billion renovation project found no criminal evidence before a judge terminated government subpoenas. During a March 3 hearing, prosecutors couldn't demonstrate fraud or misconduct related to Fed Chair Jerome Powell's testimony. Chief Judge James Boasberg quashed the subpoenas eight days later, effectively ending the probe.