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ZeroHedgeoriginal publisher not identifiedApr 15, 2026Opinion

US Prosecutors Make Surprise Visit To Fed HQ Renovation Project

Senator Thom Tillis is blocking the confirmation of a new Fed Chair until the DOJ investigation into Powell is resolved.

US Prosecutors Make Surprise Visit To Fed HQ Renovation Project
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tl;dr

Federal prosecutors visited the Federal Reserve HQ to investigate whether Chair Jerome Powell lied to Congress about a $2.5 billion renovation project. The probe has stalled the confirmation of Powell's successor as political tensions between the Fed and the executive branch escalate.

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Thom TillisR-North Carolina
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