According to The Washington Post, U.S. Department of Justice prosecutors admitted during a closed-door hearing that there is currently no evidence suggesting Federal Reserve Chair Jerome Powell engaged in any illegal conduct related to the Federal Reserve headquarters renovation project. The investigation stemmed from the Trump administration's questioning of cost overruns on the approximately $2.5 billion headquarters renovation project, after Trump previously claimed the project involved "criminal activity." A federal judge has ruled that the related grand jury subpoena lacked an evidentiary basis and has been dismissed.