Although the criminal probe has ended, the Federal Reserve renovation project remains under review by the institution’s inspector general. The review focuses on construction costs, design changes, and site conditions such as asbestos findings. The inspector general has continued to collect information and prepare a report for public and congressional review.
The White House has stated that oversight will continue through internal channels. A spokesperson said the matter has moved under “different authority,” referring to the inspector general’s role.
Meanwhile, Powell’s position on the Federal Reserve Board remains active until 2028, even as his term as chair approaches its scheduled end. Senate review of leadership changes is expected to continue alongside discussions on the direction of monetary policy.
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