DOJ closes Fed renovation probe, clearing Warsh’s path to the chair
TL;DR
The Justice Department ended its probe into the Federal Reserve HQ renovation costs and handed the matter to the Fed’s inspector general, a move that eases Sen. Thom Tillis’s hold on Kevin Warsh’s bid to lead the Fed and could accelerate Warsh’s confirmation before Powell’s term expires, though the White House says the investigation will continue under a different authority.
- ‘Tillis won’: DOJ drops probe into Powell, Fed renovations Politico
- Trump Live Updates: Justice Dept. Closes Investigation of Federal Reserve and Jerome Powell The New York Times
- Analysis: The threat to the Fed's independence isn't over CNBC
- Justice Department Will End Probe of Jerome Powell, Clearing Path for Kevin Warsh WSJ
- Justice Department drops probe into Fed Chair Jerome Powell NPR
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