The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader.
US Attorney Jeanine Pirro said in a social media post Friday that the Fed Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on ‘Bloomberg Intelligence’ to discuss what happens next.
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