POLITICS

DOJ Closes Probe, IG To Review Fed Renovation Costs

PUBLISHED Apr 24, 2026, 10:52 AM ET

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Media Bias Meter

Sources: 12

Center 100%

Sources: 12

Washington: On April 24, U.S. Attorney Jeanine Pirro announced that the Justice Department will close its criminal investigation into Federal Reserve Chair Jerome Powell regarding costly renovations at the Fed’s Washington headquarters and instead asked the Fed’s Office of Inspector General to examine alleged cost overruns. The announcement on Friday removes an immediate legal impediment to the Senate confirmation of President Trump’s nominee Kevin Warsh and follows subpoena actions earlier this year that were blocked by a federal judge; Pirro said she may reopen a criminal probe if the IG’s findings or new evidence warrant further action.

By Emily Rhodes | JQJO News

Timeline of Events

January: DOJ issues subpoenas to Fed Chair Jerome Powell about HQ renovations.
Late March: A federal judge blocks the DOJ subpoenas.
24 April: U.S. Attorney Jeanine Pirro announces DOJ will close the criminal probe.
24 April: Pirro refers renovation cost oversight to the Fed’s Inspector General.
Late April–May: Move likely clears a procedural path for Kevin Warsh’s confirmation vote.

News Intelligence

This case affects your money. The Federal Reserve's budget comes from your tax dollars. If there were cost overruns, that's your money not being used efficiently. Keep an eye on the Inspector General's findings.

Media Bias

Articles Published:: 12
Right Leaning:: 0
Left Leaning:: 0
Neutral:: 12

Who Benefited

Kevin Warsh and supporters of his nomination benefited immediately because the DOJ’s closure of the criminal probe removed a principal obstacle to a Senate confirmation vote.

Who Impacted

Jerome Powell faced reputational scrutiny and potential political harm as the probe and surrounding headlines intensified public and political pressure on the Federal Reserve.

Media Bias

Articles Published:: 12
Right Leaning:: 0
Left Leaning:: 0
Neutral:: 12
Distribution:: Left 0%, Center 100%, Right 0%

Who Benefited

Kevin Warsh and supporters of his nomination benefited immediately because the DOJ’s closure of the criminal probe removed a principal obstacle to a Senate confirmation vote.

Who Impacted

Jerome Powell faced reputational scrutiny and potential political harm as the probe and surrounding headlines intensified public and political pressure on the Federal Reserve.