DOJ will not reopen criminal probe of Powell, Blanche says
- DOJ officially clears Jerome Powell of criminal wrongdoing in building renovation scandal.
- Attorney General Todd Blanche leaves door cracked for future scrutiny if auditors find dirt.
- Powell remains on Fed board to 'protect independence' despite term expiration.
- Independent audit of ballooning renovation costs still looming on the horizon.
Brief Summary
The Department of Justice has officially slammed the door on a criminal probe into former Federal Reserve Chair Jerome Powell regarding the Fed's controversial building renovation project. AG Todd Blanche confirmed the decision following an inspector general’s report that found no smoking gun, though the feds are keeping their options open should an upcoming independent audit unearth any financial skeletons.
Why This Matters
This decision signals that the Fed will continue to operate with a heavy hand, shielded from criminal accountability for how it manages its massive internal budgets. When the central bank spends millions on renovations, it is ultimately your purchasing power that is being managed by the same bureaucrats who now face no consequences for fiscal mismanagement. You should keep a close eye on the upcoming independent audit, as it will reveal whether the Fed’s internal spending habits are as reckless as the inflation currently eating into your bank account.