U.S. Attorney Jeanine Pirro said Friday that she is dropping her investigation into Federal Reserve Chair Jerome Powell over the cost for renovations at the central bank, a move that could clear a path for the Senate to confirm Kevin Warsh as Powell’s replacement.
“I have directed my office to close our investigation as the IG undertakes this inquiry,” Pirro said in a post on social media platform X. “Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.”
She said the Federal Reserve’s inspector general has been asked to scrutinize the renovation, saying the cost overruns ran into “the billions of dollars.”
