Unannounced prosecutors visit Federal Reserve renovation site as Powell probe and Trump pressure mount

Federal prosecutors from the U.S. Attorney’s Office (Pirro’s team) made an unannounced visit to a Federal Reserve renovation site tied to a $2.5 billion project, were turned away, and referred to Fed attorneys. The probe into the project has faced bipartisan opposition in Congress, and the episode unfolds as Trump again threatens to fire Powell. Powell’s testimony about cost overruns is cited, with renovation costs now estimated at $2.5 billion (up from about $1.9 billion in 2022), and Warsh’s nomination to succeed Powell has been delayed.