Prosecutor told judge no evidence existed to criminally pursue Powell over costly Fed renovations - CNN

A prosecutor informed a judge that no evidence exists to support criminal charges against Powell regarding expensive Federal Reserve building renovations. Powell, the Federal Reserve chair, had faced potential legal scrutiny over the costly project, but the prosecutorial decision removes that threat. The announcement signals the end of a criminal investigation into the Fed's capital expenditures and Powell's role in overseeing them. This development comes as Powell continues to lead the central bank through a period of elevated interest rates aimed at controlling inflation. The dismissal clears a significant legal cloud that had hung over the Fed's leadership during a consequential period for monetary policy.