US Prosecutors Make Surprise Visit To Fed HQ Renovation Project
Case Summary
Federal prosecutors conducted an unannounced visit to the Federal Reserve headquarters, which is currently undergoing a $2.5 billion renovation. The visit is part of an ongoing investigation into whether Fed Chair Jerome Powell provided false information to Congress regarding the project's cost and scope. On-site construction workers informed the prosecutors that access required prior authorization and directed them accordingly.
Stage
Hearing stage
Timeline
1 event
Coverage
1 article
Sources
1
Key Issues
- • Investigation of potential false statements to Congress
- • Federal Reserve renovation project costs
- • Access and authorization at construction site
- • Role of Fed Chair Jerome Powell
update What Changed This Week
Case Timeline
1 eventUS Prosecutors Make Surprise Visit To Fed HQ Renovation Project
Federal prosecutors unexpectedly visited the Federal Reserve headquarters undergoing a $2.5 billion renovation to investigate if Fed Chair Jerome Powell lied to Congress about the project's cost and scope. Workers denied them entry without prior approval, directing them to coordinate with the Fed's lawyers for another visit. This event highlights ongoing legal scrutiny over the expensive renovation and potential false statements made by Powell during a congressional hearing.