DOJ Declines to Reopen Criminal Probe into Former Fed Chair Jerome Powell Over Multi-Billion Dollar Renovation

By Gabrielle Saulsbery | Banking Dive | Published October 5, 2026 The Department of Justice (DOJ) has officially confirmed that it does not intend to reopen a criminal investigation into former Federal Reserve Chair Jerome Powell regarding the controversial, multi-billion-dollar renovation of the Fed’s flagship facilities in Washington, D.C. This decision, announced Monday, marks a…

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Oversight Report Exposes Management Deficiencies in Federal Reserve Renovation Project Amid Political Firestorm

By Gabrielle Saulsbery | Banking Dive Published: October 1, 2026 The Federal Reserve Board’s ambitious, multi-billion-dollar effort to modernize the historic Marriner S. Eccles Building complex has moved beyond the realm of simple construction management to become a flashpoint for political controversy in Washington. A long-awaited report released Wednesday by the Office of the Inspector…

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