The Justice Department ending its probe of the Fed chair clears a major roadblock to the confirmation of his successor.
WASHINGTON — The Justice Department has dropped its criminal probe of Federal Reserve chair Jerome Powell, likely clearing the way for his successor’s confirmation.
U.S. Attorney for the District of Columbia Jeannine Pirro said on X that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s Inspector General would scrutinize them instead.
Powell’s term as chair ends May 15 and President Donald Trump has nominated a former top Fed
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