Turmoil at the Federal Reserve as Leadership Changes Appear Unavoidable

Federal prosecutors made an unannounced visit this week to a construction site at Federal Reserve headquarters that is the focus of an investigation into a $2.5 billion renovation project, according to two people familiar with the visit.

Two prosecutors and an investigator from U.S. Attorney Jeanine Pirro's office were turned away on Tuesday by a building contractor and referred to Federal Reserve attorneys, one of the people said. The two people familiar with the visit spoke on condition of anonymity because they feared repercussions at they are not authorized to publicly discuss an ongoing investigation.

The visit underscores the Trump administration is not backing down from its investigation of the Fed and its chair, Jerome Powell, even though the probe has delayed the confirmation of a new chair nominated by President Donald Trump. The investigation is focused on cost overruns and brief testimony about the project last summer by Powell. Trump confirmed in an interview that aired Wednesday on Fox Business that he wants to continue the probe.

Please select this link to read the complete article from The Associated Press.