What happened: The US Justice Department has closed its probe into Federal Reserve Chairman Jerome Powell regarding allegations of improper cost overruns on Fed building renovations. The inquiry followed accusations made by former President Donald Trump.
Why it matters:
- The closure removes legal scrutiny from a key figure in US monetary policy.
- It affects public trust and oversight of government spending on federal projects.
MNN Take: The decision signals no evidence was found to support the claims against Powell, allowing him to continue his role without legal distraction.
Sources: BBC US & Canada