U.S. Attorney General says he will not reopen the criminal investigation into former Fed Chairman Powell.

The U.S. Department of Justice will not reopen a criminal investigation into former Federal Reserve Chairman Jerome Powell over cost overruns in the renovation of the Federal Reserve building. U.S. Attorney General Todd Blanche did not rule out continuing to review the oversight of the project and taking action if evidence of wrongdoing emerges. "We are not going to reopen a criminal investigation into him," Blanche said in an interview on Friday. Blanche made the remarks while commenting on a report released this week by the Federal Reserve's inspector general. The report found no evidence of criminal wrongdoing by Powell in the $2.4 billion project. Blanche said he was satisfied with the report but believed Powell had not properly overseen the project. The Federal Reserve said it will hire an independent auditor to review the building-related costs. Blanche added that if the review uncovers any evidence of criminal wrongdoing, the Justice Department could open an investigation.