DOJ ends probe into Powell, clears path for Warsh to head the Fed
TL;DR Summary
The Department of Justice dropped its criminal probe into Federal Reserve Chair Jerome Powell, potentially clearing the way for Kevin Warsh to be confirmed as the Fed's next chair after Powell's term ends. The White House remains confident Warsh will be confirmed, though Senate support is not yet assured as Sen. Thom Tillis has not committed to advancing the nomination. The investigation followed subpoenas and a separate inspector general review into the Fed's building renovations, and Powell has said he intends to stay on the Fed Board until the matter is resolved.
- DOJ drops criminal probe into Fed chair Jerome Powell Axios
- Jeanine Pirro drops criminal probe of Jerome Powell | CNN Business CNN
- Analysis: The threat to the Fed's independence isn't over CNBC
- Justice Dept. Closes Criminal Investigation of Fed Chair The New York Times
- ‘Tillis won’: DOJ drops probe into Powell, Fed renovations Politico
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