""I have directed my office to close our investigation as the IG undertakes this inquiry," the U.S. attorney for the District of Columbia, Jeanine Pirro, wrote on X."
""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 wrote."
""The IG has the authority to hold the Federal Reserve accountable to American taxpayers. I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas.""
""Powell disclosed in January that he received subpoenas seeking records related to the central bank's multibillion-dollar building renovations.""
The U.S. attorney for the District of Columbia, Jeanine Pirro, announced the closure of an investigation as the Inspector General for the Federal Reserve begins an inquiry into significant building cost overruns. These overruns, amounting to billions of dollars, have raised concerns about accountability to taxpayers. Pirro anticipates a comprehensive report that will clarify the issues surrounding subpoenas issued related to the Federal Reserve's renovations and the potential fraud by Powell.
Read at Axios
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