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Statement from Federal Reserve Chair Jerome H. Powell
Federalreserve.gov and 17 more
- The DOJ probe centers on whether Powell misrepresented the renovation's scope and cost during his testimony and review of records tied to the Fed HQ overhaul.
- Powell argues the renovation tackles asbestos removal, infrastructure modernization, and accessibility compliance, rejecting claims of fund misuse as mischaracterizations.
- The DOJ move shifts focus from policy disputes to a broader legal-oversight issue surrounding the Fed's independence amid scrutiny.
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