DOJ found no evidence of a crime in Fed renovation project, prosecutor admits

A federal prosecutor acknowledged in court that the Justice Department's investigation into the Federal Reserve's $2.5 billion renovation project found no evidence of criminal conduct. The admission came during questioning by a judge, suggesting the DOJ probe had reached its conclusions without identifying illegal activity despite scrutiny of the massive construction undertaking. The concession carries significant implications for the Fed, as it clears the agency of criminal wrongdoing tied to the controversial modernization project. The disclosure raises questions about what prompted the investigation and whether any civil or administrative review of the project remains ongoing. It also suggests potential resolution of a matter that had drawn attention to government spending and oversight practices at one of the nation's most consequential financial institutions.