US EditionJustice Department drops probe into Fed Chair Jerome Powell
The move removes a major obstacle to Kevin Warsh’s confirmation, after prosecutors found no evidence of a crime, officials said.
- On Friday, U.S. Attorney for the District of Columbia Jeanine Pirro announced the Department of Justice has closed its criminal investigation into Federal Reserve Chair Jerome Powell, ending the probe launched in January over alleged mishandling of renovation funds.
- President Donald Trump frequently criticized Powell regarding the renovation project, publicly pressuring the Fed Chair to resign while the DOJ initially targeted him over alleged mishandling of construction funds at the central bank's headquarters.
- Federal Reserve Inspector General Michael E. Horowitz will now investigate the renovation cost overruns, with Pirro stating she expects "a comprehensive report in short order" to resolve questions about taxpayer funds used for the project.
- Closing the federal case removes a significant obstacle for Kevin Warsh, President Trump's nominee to lead the Federal Reserve, as Senator Thom Tillis had repeatedly blocked confirmation pending the DOJ investigation's conclusion.
- Powell is expected to remain Chair until his term concludes on May 15, while the Federal Open Market Committee prepares to meet this coming week and is widely expected to hold interest rates steady.
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365 Articles
DOJ drops criminal probe of Powell
WASHINGTON — The Justice Department closed its investigation into Federal Reserve Chair Jerome Powell, U.S. Attorney Jeanine Pirro said on Friday, removing an obstacle to the confirmation of Kevin Warsh, President Donald Trump's pick to lead the central bank.
Jeanine Pirro’s office closes investigation into Fed Chair Jerome Powell * WorldNetDaily * by Ireland Owens, Daily Caller News Foundation
Source link President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025. (Official White House photo by Daniel Torok) The Department of Justice (DOJ) announced Friday it has dropped a criminal probe into Federal Reserve Chairman Jerome Powell regarding the central bank’s
US Justice Department ends probe of Federal Reserve
The US Department of Justice said it has ended a criminal investigation into Federal Reserve Chair Jerome Powell. It began the probe over his Congressional testimony on renovations to the Fed's headquarters. A Republican lawmaker had called for the investigation to be shut down.
His term of office expires on 15 May.
News Wrap: DOJ drops criminal probe into Jerome Powell
In our news wrap Friday, the Justice Department is dropping its criminal probe into Federal Reserve Chair Jerome Powell, a federal appeals court ruled that President Trump's executive order banning asylum claims at the U.S. southern border is illegal and the FDA said it will fast-track reviews for three psychedelic drugs aimed at treating mental health conditions.
Valley News Live
KCRGJustice Department drops criminal investigation into Federal Reserve Chair Jerome Powell
The Justice Department (DOJ) is dropping its criminal investigation into Federal Reserve Chair Jerome Powell. The announcement came from U.S. Attorney for the District of Columbia Jeannine Pirro, who said Friday her office was ending the probe because the Fed’s inspector general would take it over.
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