
A March 14 ruling rejected subpoenas tied to the Federal Reserve headquarters renovation project, while U.S. prosecutors said they will continue investigating Jerome Powell.
A U.S. judge rejected subpoenas related to the Federal Reserve headquarters renovation project in a March 14 ruling involving Federal Reserve Chair Jerome Powell. According to the new report, U.S. prosecutors said they would continue their investigation despite the court decision. The report also says the ruling could delay Kevin Warsh’s nomination as Powell’s successor when Powell’s term ends in May.