US Attorney General says won't reopen criminal probe into ex-Fed chair Jerome Powell over $2.4 billion renovation

US Attorney General has announced that they will not reopen a criminal probe into Jerome Powell, the former chair of the Federal Reserve. This decision relates to a $2.4 billion renovation of the Federal Reserve's headquarters in Washington, which had faced intense scrutiny over rising costs. The outcome means that Jerome Powell will not face further investigation into his potential role in the project. The lack of action may alleviate concerns about the project's management and accountability, but the controversy surrounding the renovation's costs remains unresolved.

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The US Attorney General has decided not to reopen a criminal probe into ex-Fed chair Jerome Powell. This decision removes a potential source of uncertainty for the Federal Reserve.

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