The move comes as Jerome Powell’s role as Fed Chair ends in May

The Justice Department has officially closed its criminal investigation into Federal Reserve Chair Jerome Powell regarding the $2.5 billion-dollar renovation of the central bank’s Washington headquarters.

President Donald Trump had claimed he could have completed the renovation for $25 million and has labeled the spending as “incompetent” and “corrupt.”

Attorney Jeanine Pirro announced Friday that the matter is being shifted to the Federal Reserve’s Inspector General (IG) to scrutinize cost overruns. She also said she would “not hesitate to restart a criminal investigation should the facts warrant doing so.”

The move comes as Powell’s role as Fed head ends in May, and the Senate hearing for the new Chair nominee, Kevin Warsh, ended this week.

The probe’s closure may end a legislative stalemate as Senator Thom Tillis had blocked the confirmation of Warsh, calling the investigation “bogus.”