However, there’s “more work to do to understand” how the Fed’s renovation project became so expensive, AG Todd Blanche told Bloomberg TV.

The Department of Justice doesn’t plan to reopen its criminal probe into former Federal Reserve Chair Jerome Powell regarding a multi-billion-dollar renovation of one of the Fed’s complexes, a DOJ spokesperson confirmed Monday.

Attorney General Todd Blanche first told Bloomberg Friday that the DOJ wouldn’t reopen its investigation into Powell but said, “there's a big difference between whether he did anything wrong and whether he should be held accountable and whether there's any criminal conduct.”

The Office of the Inspector General last week said it found mismanagement, but neither criminality nor administrative misconduct in its investigation into the Fed’s over-budget renovations of its Marriner S. Eccles Building and the adjacent 1951 Constitution Avenue Building.

Blanche Friday said he believes the OIG report “speaks for itself about what the board did and did not do, and I think that we should focus on that sort of accountability.”

The DOJ opened the investigation in January but dropped it in April after a federal judge said that there was "abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will.”

Blanche said there’s “more work to do to understand” how the project got to be so expensive, and that “we'll see what happens.”

“It's pretty clear he did not act appropriately as far as oversight, and that's what the inspector general concluded … [but] not having any sort of oversight over the folks doing billion-dollar projects isn't necessarily a crime,” he told Bloomberg TV.

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