Leavitt Says Powell Investigation Continues Under Fed Inspector General)

White House Press Secretary Karoline Leavitt clarified the status of the investigation into Federal Reserve Chair Jerome Powell, confirming that the case has been transitioned from the Justice Department to the Fed’s Inspector General. Leavitt emphasized that the move does not mean the investigation is dropped; rather, it is being handled by an authority with "critical tools" specifically suited to probe the billions of dollars in taxpayer funds allegedly lost to financial mismanagement and the central bank's building renovation project. The President has made the investigation a top priority, frequently criticizing the soaring costs of the Fed’s headquarters renovation—estimated at $2.5 billion. Leavitt noted that the administration remains committed to "getting to the bottom" of the fiscal overruns to protect American taxpayers. This procedural shift arrives at a pivotal moment, as the closing of the criminal probe by the U.S. Attorney’s office clears a path for the Senate confirmation of the President's nominee for Fed Chair, Kevin Warsh. #JeromePowell #FederalReserve #WhiteHouse #BreakingNews #TaxpayerDollars #FinancialReform #KevinWarsh #InspectorGeneral #WashingtonDC