"Shortly after his announcement, The New York Times reported a criminal investigation into Powell had started: The U.S. attorney's office in the District of Columbia has opened a criminal investigation into Jerome H. Powell, the Federal Reserve chair, over the central bank's renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project, according to officials briefed on the situation."
"Trump said the cost was north of $4 billion now about $1.5 billion more than projected. It's going to end up costing more than $4 billion $4 billion! It's the highest price of construction, Trump said. Again, Democrats highest price of construction per square foot in the history of the world. Gorgeous monuments are built for a much smaller price."
Federal Reserve Chair Jerome Powell announced that the Justice Department served the Fed with grand jury subpoenas and threatened criminal charges related to the central bank’s renovation project. The U.S. attorney’s office in the District of Columbia opened a criminal investigation into whether Powell lied to Congress about the renovation’s scope. President Donald Trump said he is considering a gross incompetence lawsuit, citing cost overruns that pushed the renovation north of $4 billion, roughly $1.5 billion over projections. Trump criticized the project’s per-square-foot cost and described the renovation as Powell’s responsibility.
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