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Story summary
- There is no evidence of criminal misconduct by Federal Reserve Chair Jerome Powell regarding the Federal Reserve headquarters renovation valued at $2.5 billion.
- The statement came during a March 3 court hearing, where prosecutors emphasized the need for investigation due to a $1.2 billion cost overrun.
- U.S. President Donald Trump criticized Powell during the proceedings.
- Powell's term ends in May, while Trump's nominee for the chair remains under scrutiny until the investigation concludes.
