No, the police are still looking for him.
4 seconds sound clip from the Home Alone 2: Lost in New York movie soundboard.
You can hear this line at 01:01:19 in the Blu-ray version of the movie.
Quote context
[...]
- He used your credit card to check into the Plaza Hotel.
- No, the police are still looking for him.
- Damn it!
- Get to New York as soon as possible, ma'am.
- Yeah, okay, we're on the next flight out.
[...]