On the recordFebruary 12, 2026
this is a case where we had members on the committee responding to news reports that were proven wrong. Folks, I thought this was probably going to end this way, and it is one of the reasons why I decided to invite myself to a tour when the President went to this building to take a look at it. I was there with the President. He was very kind, shook my hand, and welcomed me to participate in this tour. I saw nothing there. I saw a few things--frustration. You know, you have got the historic commission and everybody else controlling the state of the project. But I certainly didn't see any criminal activity. I certainly didn't see any of these alleged rooftop garden terraces, water features, VIP elevators, special marble. They had to take it down and put it back up. Building in DC is complicated. So almost all of the allegations were disproven. And yet we still have a prosecutor that is trying to pursue a criminal prosecution of the Chair of the Federal Reserve. The night that it was announced, I made the statement that I will take this allegation seriously. But I am concerned that it comes from someone without consultation with Big DOJ. I don't think Pam Bondi or any of the senior people in the DOJ knew anything about it. Without consultation with the White House, they decided to pursue this investigation. So they put me in an untenable position.
Source
govinfo.gov




