Kevin Warsh’s predecessor had been investigated over cost overruns related to central bank renovation project

The US ⁠justice department is not reopening a criminal investigation into former Federal Reserve chair Jerome Powell ⁠for cost overruns ⁠related ​to the central bank’s building renovation project, a department spokesperson said on Friday.

Attorney general Todd ⁠Blanche – in comments to Bloomberg News, which first reported the development – said he has not ruled out ⁠continuing to look into the project’s oversight and potentially take ​action if evidence of ‌wrongdoing came to ‌light.

Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest rates

An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report released on Wednesday.

For over a year, Donald Trump has centered his attacks against the Fed and former chair Jerome Powell around the renovations, including a months-long Department of Justice criminal investigation that was dropped in April.