DOJ Declines to Reopen Criminal Probe Into Former Fed Chair Jerome Powell #shorts

DOJ Declines to Reopen Criminal Probe Into Former Fed Chair Jerome Powell. Here's what each side is saying, and what none of them are telling you.

🌐 Full story, every source, both narratives: https://cvrdnews.com/story/doj-declines-to-reopen-criminal-probe-into-former-fed-chair-jerome-powell
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📰 THE FULL STORY

The Justice Department confirmed Friday that it will not reopen a criminal investigation into former Fed Chair Jerome Powell over cost overruns tied to the central bank's headquarters renovation project. Attorney General Todd Blanche told Bloomberg, "We're not reopening a criminal investigation into him," though he did not rule out separate DOJ action if an independent audit uncovers evidence of criminal wrongdoing.

The decision followed the release of a report from the Fed's inspector general, which found no reasonable grounds to believe a federal crime occurred and no evidence of administrative misconduct. The watchdog did fault the central bank for management and oversight failures that contributed to the soaring costs.

The DOJ had opened its investigation in January and issued grand jury subpoenas that a federal judge quashed in March for lacking evidence. The department then closed the probe rather than appeal. Powell stepped down as chair in and remains on the Fed's Board of Governors, with his term running through Jan. 31, 2028.

Trump criticized the decision on Truth Social, saying Powell should be "forced to resign," and the inspector general's finding of lax oversight prompted him to renew calls for Powell's resignation. Powell's successor Kevin Warsh said Thursday he would hire an independent auditor to verify accuracy and compliance for all project costs, and Blanche said the DOJ investigate if that review finds evidence of criminal wrongdoing.

⬅️ HOW THE LEFT COVERS IT
The Guardian foregrounds that the probe collapsed on its own evidentiary weight: the inspector general found no grounds for a criminal referral and no administrative misconduct. It stresses the procedural off-ramps that remain, noting Blanche has not ruled out further scrutiny and that Warsh's new independent auditor reopen questions. The framing centers institutional continuity, highlighting that Powell stays on as a governor while Trump's resignation demands run up against a watchdog that cleared him. (The Guardian)

⬛ HOW THE CENTER COVERS IT
CNBC treats the closure as the endpoint of a legally weak case, foregrounding the paper trail: subpoenas quashed by a federal judge in March for lacking evidence and a probe closed rather than appealed. It anchors the account in the inspector general's split verdict, no crime but real management and oversight failures, and fixes concrete stakes by noting Powell's term runs through Jan. 31, 2028. This is the default read: the law found nothing, the governance critique stands. (CNBC, Bloomberg)

➡️ HOW TH