"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."
"Chief US District Judge James Boasberg found prosecutors had shown 'essentially zero evidence' that Powell committed a crime."
"Republican Senator Thom Tillis of Carolina, a member of the Senate Banking Committee, also called the investigation into Powell 'baseless' and vowed not to support the appointment of Kevin Warsh until the DOJ dropped its charges."
The Justice Department is ending its investigation into Jerome Powell, which had previously hindered Kevin Warsh's confirmation as Federal Reserve Chair. US Attorney Jeanine Pirro has transferred the inquiry regarding cost overruns in Fed renovations to the Office of Inspector General. Pirro expressed confidence in the IG's ability to provide accountability and clarity. A federal judge previously blocked subpoenas related to the investigation, citing a lack of evidence against Powell. Senator Thom Tillis labeled the investigation as baseless and had stalled Warsh's confirmation until now.
Read at www.dw.com
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