Powell's Final Call: Stay at the Fed or Leave Amid Probe
TL;DR Summary
Powell faces a defining choice on whether to stay as Fed chair or step down after a criminal probe into Fed headquarters was referred to the inspector general; he has vowed to remain until resolved, but the decision could affect the Fed’s independence, the board’s balance (with Warsh as a potential successor), and market expectations for future rate policy amid political pressure from Trump.
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- 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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