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Justice Department Clears Fed Renovation; Prosecution Plans Appeal

3/25/2026

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Summary

Story summary

The Justice Department found no evidence of wrongdoing in the Federal Reserve's $2.5 billion renovation, as Assistant U.S. Attorney Andrew Massucco acknowledged in a closed hearing.
Chief Judge James Boasberg quashed subpoenas targeting Federal Reserve Chair Jerome Powell, citing the government's lack of evidence.
Pirro, leading the prosecution, plans to appeal Boasberg's ruling, arguing it undermines the grand jury's authority.

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Story summary

The Justice Department found no evidence of wrongdoing in the Federal Reserve's $2.5 billion renovation, as Assistant U.S. Attorney Andrew Massucco acknowledged in a closed hearing.
Chief Judge James Boasberg quashed subpoenas targeting Federal Reserve Chair Jerome Powell, citing the government's lack of evidence.
Pirro, leading the prosecution, plans to appeal Boasberg's ruling, arguing it undermines the grand jury's authority.