U.S. Department of Justice halts investigation into the Federal Reserve, paving the way for Wosh's nomination to be approved by the Senate

Golden Finance reported that on April 25, the U.S. Attorney for the District of Columbia, Jennina Piro, said on the 24th that, given the U.S. Federal Reserve Board’s expectation to conduct an internal investigation into the overshoot problem in an office building renovation project, she has instructed the U.S. Attorney’s Office for the District of Columbia to end its investigation into the Federal Reserve’s office building renovation project. According to U.S. media analysis, the U.S. Department of Justice’s conclusion of the related criminal investigation into Federal Reserve Chair Powell will pave the way for Senate approval of Kevin Waugh, the next Federal Reserve chair nominee nominated by President Trump. Piro wrote on social media that the Federal Reserve Inspector General has been asked to review the issue of construction cost overruns totaling billions of dollars that are borne by taxpayers. She believes that the results of the investigation will help “resolve the problem,” and she also said that if circumstances require it, she will not hesitate to restart a criminal investigation. (Xinhua News Agency)