Powell Probe Isn't Being Reopened, Blanche Says

• The criminal investigation into Jerome Powell for building renovation cost overruns is not being reopened.
• Attorney General Todd Blanche clarified that inappropriate oversight by Powell did not constitute criminal conduct.
• The focus is on accountability for the Federal Reserve board's actions and inactions, as detailed in the Inspector General's report.

The US Justice Department is not reopening a criminal investigation into former Federal Reserve Chairman Jerome Powell regarding cost overruns on a central bank building renovation project. Attorney General Todd Blanche stated that while oversight was deemed inappropriate, it did not amount to criminal conduct, and the focus remains on accountability for the board's actions.