White House economic adviser: Investigation of Powell "will not yield any results"

The British "Guardian" reported on the 16th that Kevin Hassett, Director of the White House National Economic Council, said he expected that the Department of Justice's criminal investigation into Federal Reserve Chairman Powell would not have substantial results because he believed Powell's previous testimony regarding the renovation project at the Fed's office building was true. Hassett said in an interview with Fox Business News TV that morning that he hoped the Fed would be "more transparent" when testifying to Congress. "In all corners of the government, the Federal Reserve, the White House, all institutions have a responsibility to be transparent to the American people," Hassett said. "If I were Fed Chairman, I would insist on transparency, and I might answer these questions right away." He also said, "But ultimately, I expect - Jay is a good man - I expect this matter to be insignificant, the cost overrun should be related to issues such as asbestos handling, as he said. But I do hope the Fed could have been more transparent from the outset."