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Investigation into Fed renovation costs continues, threatening Kevin Warsh's Fed chair nomination.

Market News
22 Apr 2026
CNBC
View Source
Bearish
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U.S. Attorney Jeanine Pirro is pressing ahead with a criminal investigation into alleged cost overruns on Federal Reserve building renovations, despite a federal judge blocking subpoenas and political backlash. The probe has raised concerns about the Fed's independence and is complicating the Senate confirmation of Kevin Warsh, President Trump's nominee to replace Fed Chair Jerome Powell. Pirro plans to appeal the judge's decision and insists the investigation will continue, while some senators vow to block Warsh's nomination until the probe ends. The renovation costs under scrutiny are around $2.5 billion, with Trump exaggerating the figure to nearly $4 billion. The Senate Banking Committee is expected to vote on Warsh's nomination in mid-May.

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Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

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ARCpoint delays annual financial filings due to funding issues, expects to file by Sept 29, 2026.

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Investors in Putnam mutual funds may claim losses in a new class action lawsuit.

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USDC leads as top stablecoin for tokenized stocks hitting $1B TVL on Ondo Global Markets

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Investigation launched into GPGI over possible securities fraud linked to Husky Technologies deal

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