DOJ reopens Powell investigation
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Two weeks ago, when asked about a criminal investigation into Powell being dismissed, @POTUS told reporters he still wanted the cost overrun looked into. • • “Somebody has to find out why that building that should have cost $25 million is costing billions of dollars. You know why they have to find it out? For other buildings because that's not the only one. I think that's the most egregious example,” he said.
Trump's Justice Department also opened a criminal investigation into Powell and the Fed regarding renovation cost overruns, a move Powell characterized as a tactic aimed at undermining the Fed's independence. •
Trump's Justice Department also opened a criminal investigation into Powell and the Fed regarding renovation cost overruns, a move Powell characterized as a tactic aimed at undermining the Fed's independence. •
Hassett predicts Powell will leave Fed if satisfied with IG report. • Powell faced a federal criminal probe over the renovation project, though the Department of Justice ended the investigation in April.
Hassett predicts Powell will leave Fed if satisfied with IG report. • Powell faced a federal criminal probe over the renovation project, though the Department of Justice ended the investigation in April.
What is this event about?
The United States Department of Justice recently opened, and later dropped, a criminal investigation into Federal Reserve Chair Jerome Powell over his handling of renovations to the Federal Reserve buildings.
This market will resolve to “Yes” if the United States Department of Justice reopens this criminal investigation of Powell, or opens a new criminal investigation of Powell, by the specified date, 11:59 PM ET. Otherwise, this market will resolve to “No”.
If the United States federal government formally charges or announces a criminal indictment of Jerome Powell, this will also suffice for a “Yes” resolution.
An official announcement from the United States Department of Justice that the investigation has been reopened, or that a new investigation against Powell has been opened, will be sufficient to resolve this market to “Yes”.
Statements or reports that the Department of Justice is considering allegations or potential investigative action against Powell will not qualify, unless they explicitly indicate that a criminal investigation into Powell has been reopened or opened.
The primary resolution source for this market will be official information from the United States Department of Justice, including any relevant United States Attorney’s Office; however, a consensus of credible reporting may also be used.