Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed

The Justice Department is investigating Federal Reserve Chair Jerome Powell regarding potential false testimony to Congress about the scope of renovations to the Fed's headquarters. The investigation stems from accusations that the Fed mishandled the project, with Trump allies alleging a lack of transparency. Despite the investigation and Trump's past threats of legal action, economic advisor Kevin Hassett anticipates "nothing to see here," suggesting Powell is truthful about cost overruns being related to issues like asbestos. Hassett stated he wished the Fed had been more transparent. The investigation has drawn criticism, with former Fed chairs condemning it and international central banks expressing solidarity with Powell, warning of negative consequences for central bank independence.

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