Home - CBSNews.com | Justice Department drops criminal probe of Fed Chair Jerome Powell

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The Justice Department has closed its criminal investigation into Federal Reserve Chair Jerome Powell, ending the probe into the central bank’s renovation project, U.S. Attorney Jeanine Pirro announced on Friday.

Read more: https://www.cbsnews.com/video/justice-department-drops-criminal-probe-of-fed-chair-jerome-powell/

#JeromePowell #FederalReserve #JeaninePirro #U.S.Attorney

Justice Department drops criminal probe of Fed Chair Jerome Powell

The Justice Department ended its criminal investigation into Federal Reserve Chair Jerome Powell over the central bank's renovation project, U.S. Attorney Jeanine Pirro announced Friday.

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Business | Justice Department drops criminal investigation of Fed chair Powell, likely clearing way for Warsh by Ben Wieder, Gavin J. Quinton

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The Justice Department has closed its criminal probe into Federal Reserve Chairman Jerome Powell, ending the inquiry into whether he misled Congress about a $2.5 billion renovation of the Fed’s headquarters—a case that had become a political sticking point for Republican Sen. Thom Tillis, who said he would block the confirmation of Trump‑favored nominee Kevin Warsh while the investigation lingered. U.S. Attorney Jeanine Pirro announced the drop‑off, noting the probe was abandoned after prosecutors found no evidence of wrongdoing, though she left open the possibility of restarting it if new facts arise. With the investigation out of the way, Warsh’s nomination can move forward; he has pledged not to be a “sock‑puppet” for the president and argues for a pro‑growth, market‑first Fed agenda that includes shrinking the central bank’s $6.6 trillion balance sheet and eliminating forward guidance. The closure also underscores ongoing tension over the Fed’s independence, as President Trump has previously pressured the bank on interest‑rate policy and attempted to fire a Fed governor, highlighting the broader political battles surrounding the nation’s most influential central bank.

Read more: https://www.latimes.com/world-nation/story/2026-04-24/justice-department-drops-criminal-probe-of-fed-chair-powell-likely-clearing-way-for-warsh

#JeromePowell #KevinWarsh #DonaldTrump #WallStreet #FederalReserve #JeaninePirro #ThomTillis

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Justice Department drops criminal investigation of Fed chair Powell, likely clearing way for Warsh

The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his likely successor, Kevin Warsh.

Los Angeles Times

US Top News and Analysis | Analysis: The threat to the Fed's independence isn't over

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The article explains that while a Justice Department probe into alleged cost overruns at Federal Reserve renovation projects has been dropped, the threat to the Fed’s independence remains. U.S. Attorney Jeanine Pirro said the investigation could be reopened if new evidence emerges, leaving the Fed wary of possible future harassment. The decision clears a path for President Trump‑nominated chair Kevin Warsh, but Republican Sen. Thom Tillis still blocks his confirmation until the probe is fully resolved. Trump continues to pressure the Fed, repeatedly demanding lower interest rates and even suggesting he might fire current Chair Jerome Powell despite Warsh’s pledge to preserve monetary‑policy independence. The ongoing political pressure underscores that the Fed’s autonomy is still at risk.

Read more: https://www.cnbc.com/2026/04/24/fed-kevin-warsh-jerome-powell.html

#JeaninePirro #JeromePowell #DonaldTrump #KevinWarsh #FederalReserve #ThomTillis #LevMenand #ScottAlvarez

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The threat to the Fed's independence isn't over

#JeaninePirro opens an investigation in Fed renovations

https://www.cnbc.com/2026/04/24/fed-kevin-warsh-jerome-powell.html?__source=androidappshare

The Guardian | Justice department ends criminal probe into Fed chair Jerome Powell – US politics live by Shrai Popat (now) and Tom Ambrose (earlier)

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The Justice Department announced it is closing its criminal probe into Federal Reserve Chair Jerome Powell’s handling of costly central‑bank renovations, with U.S. Attorney Jeanine Pirro directing the shutdown while an independent Fed inspector‑general continues to examine the billions‑dollar overruns borne by taxpayers; Pirro added she would not hesitate to reopen the case if new evidence emerges. Senate Banking Committee Democrat Elizabeth Warren condemned the move as a “bogus” effort to clear the way for President Trump’s preferred Fed nominee, Kevin Warsh, and warned that the decision could aid a broader scheme to reshape the Fed. Republican Senator Thom Tillis, who had threatened to withhold his vote on Warsh’s confirmation, also urged the department to “get rid” of the investigation so he could support the nominee.

Read more: https://www.theguardian.com/us-news/live/2026/apr/24/doj-watchdog-epstein-donald-trump-iran-war-budget-bill-latest-news

#FederalReserve #JeromePowell #JeaninePirro #ElizabethWarren #KevinWarsh #LisaCook #ThomTillis

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Top Democrat says DoJ dropped ‘bogus’ Powell investigation to ‘clear the path’ for Trump Fed chair nominee Warsh – live

Senator Elizabeth Warren says inquiry into current Fed chair Jerome Powell stopped just for ‘Senate Republicans to install Trump’s sock puppet Kevin Warsh’

the Guardian

PBS NewsHour - The Latest | Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh confirmation by Christopher Rugaber, Associated Press, Eric Tucker, Associated Press

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The Justice Department announced that it is ending its criminal investigation into Federal Reserve Chair Jerome Powell’s extensive building‑renovation program after a judge found “essentially zero evidence” of wrongdoing and prosecutors admitted they had not uncovered any crime. The probe’s closure removes a major obstacle to the Senate’s confirmation of Kevin Warsh, President Trump’s nominee to replace Powell, and could accelerate a vote despite opposition from some Republicans who have been waiting for the investigation’s resolution. Warsh emphasized that he never promised the White House any specific interest‑rate actions and pledged to serve as an independent Fed chair, even as President Trump expressed disappointment that Warsh might not cut rates immediately.

Read more: https://www.pbs.org/newshour/politics/justice-department-drops-criminal-probe-of-fed-chair-powell-likely-clearing-way-for-warsh-confirmation

#FederalReserve #JeromePowell #JeaninePirro #KevinWarsh #Senate #JamesBoasberg #ThomTillis

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Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh confirmation

The decision ends an investigation, one of several undertaken by the Justice Department into President Donald Trump’s perceived adversaries, that for months had failed to gain traction as prosecutors struggled to articulate a basis to suspect criminal conduct.

PBS News

Home - CBSNews.com | Justice Department drops Jerome Powell investigation

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The Justice Department announced that it is dropping its investigation into Federal Reserve Chairman Jerome Powell, a decision disclosed on Friday by U.S. Attorney Jeanine Pirro.

Read more: https://www.cbsnews.com/video/justice-department-drops-jerome-powell-investigation/

#JeromePowell #FederalReserve #JeaninePirro #Monetarypolicy #Financialmarkets

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Justice Department drops Jerome Powell investigation

U.S. Attorney Jeanine Pirro announced Friday that the Justice Department is dropping the investigation into Federal Reserve Chairman Jerome Powell.

Il Fatto Quotidiano: La procura Usa chiude l’indagine sul presidente della Fed Jerome Powell. Via libera alla conferma di Warsh come successore

La procura americana ha annunciato di voler abbandonare le indagini sul presidente della Federal Reserve, Jerome Powell, finito nel mirino di Donald Trump che lo ha accusato di eccessiva “timidezza” nel tagliare i tassi e poi sotto inchiesta per i presunti costi lievitati dei piani di ristrutturazione della sede della Banca centrale Usa. Viene così rimosso l’ostacolo che aveva bloccato la conferma di Kevin Warsh come suo successore.
La procuratrice federale di Washington, Jeanine Pirro, ha comunicato la decisione in un post su X, aggiungendo che sarà l’Ispettore Generale della Fed a esaminare “attentamente” le spese (“dell’ordine di miliardi”) per i lavori nella sede della Fed, “sostenuti dai contribuenti”. “Mi aspetto un rapporto esaustivo in tempi brevi e confido che l’esito contribuirà a risolvere, una volta per tutte, le questioni che hanno indotto questo Ufficio a emettere mandati di comparizione”, ha concluso Pirro, procuratrice del District of Columbia, la capitale Usa. “Si noti bene, tuttavia, che non esiterò a riaprire un’indagine penale qualora i fatti lo rendessero necessario”.
Un giudice federale aveva già stabilito che le citazioni a comparire dinanzi al Gran Giurì, notificate alla Fed nel mese di gennaio, erano improprie, rilevando inoltre la presenza di “prove essenzialmente nulle” riguardo a fatti penalmente rilevanti. Da parte democratica e anche da settori repubblicani era stata chiesta l’archiviazione dell’indagine, prima di procedere alla conferma della nomina di Warsh come nuovo presidente della Banca Centrale. Per essere confermato in commissione ha bisogno di ottenere il voto della maggioranza dei suoi membri, 13 repubblicani e 11 democratici.
Nei giorni scorsi il repubblicano Thom Tills aveva annunciato di voler bloccare la conferma della nomina se il dipartimento di Giustizia non avesse archiviato l’inchiesta. Lo scorso anno Tills ha rinunciato a ricandidarsi dopo essere finito nel mirino degli attacchi e insulti di Trump per aver votato contro il ‘Big, beautiful bill’.
L'articolo La procura Usa chiude l’indagine sul presidente della Fed Jerome Powell. Via libera alla conferma di Warsh come successore proviene da Il Fatto Quotidiano.

The US Justice Department closes the investigation into Fed Chairman Jerome Powell. Green light given for Warsh’s confirmation as successor.

The U.S. Justice Department has announced it intends to drop its investigation into the president of the Federal Reserve, Jerome Powell, who had been the target of accusations by Donald Trump of “excessive timidity” in cutting interest rates and subsequently investigated for allegedly inflated costs of the U.S. Central Bank’s headquarters renovation plans. This removes the obstacle that had blocked the confirmation of Kevin Warsh as his successor.

U.S. Attorney for Washington, Jeanine Pirro, announced the decision in a post on X, adding that the Fed’s General Inspector will “carefully” examine the expenses (“in the billions”) for the work at the Fed headquarters, “funded by taxpayers.” “I expect a comprehensive report in a short time and I trust that the outcome will contribute, once and for all, to resolve the issues that led this Office to issue subpoenas,” Pirro concluded, the U.S. Attorney for the District of Columbia, the nation’s capital. “However, I will not hesitate to reopen a criminal investigation if the facts warrant it.”

A federal judge had already ruled that the subpoenas issued to the Grand Jury, served to the Fed in January, were improper, noting the presence of “substantially null evidence” regarding matters of criminal relevance. Demands for the investigation’s closure had come from both the Democratic and Republican sides, prior to proceeding with Warsh’s confirmation as the new head of the Central Bank. To be confirmed in committee, he needs the vote of a majority of its members, 13 Republicans and 11 Democrats.

In recent days, Republican Thom Tillis had announced he would block the confirmation of the appointment if the Department of Justice did not close the investigation. Last year, Tillis had withdrawn his candidacy after being the target of attacks and insults from Trump for voting against the “Big, beautiful bill.”

The article The U.S. Justice Department closes the investigation into the Fed president Jerome Powell. Green light for Warsh’s confirmation as successor comes from Il Fatto Quotidiano.

#JeromePowell #theFederalReserve #DonaldTrump #theUSCentralBank’s #KevinWarsh #Washington #JeaninePirro #GeneralInspector #Office #Pirro #Democratic #Republican #theCentralBank #Republicans #Democrats #ThomTillis #Tillis #Warsh #IlFattoQuotidiano

https://www.ilfattoquotidiano.it/2026/04/24/powell-indagine-fed-warsh-news/8365720/

La procura Usa chiude l’indagine sul presidente della Fed Jerome Powell

La procuratrice federale di Washington, Jeanine Pirro, ha comunicato la decisione in un post su X, aggiungendo che sarà l'Ispettore Generale della banca centrale a esaminare "attentamente" le spese ("dell’ordine di miliardi") per i lavori nella sede "sostenuti dai contribuenti"

Il Fatto Quotidiano

The Daily Beast Latest Articles | Judge Jeanine Abandons Trump Enemy Probe After Republican Revolt by Will Neal

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Judge Jeanine Pirro announced that the Justice Department is ending its criminal probe of the Federal Reserve and its chair, Jerome Powell, after the U.S. Attorney for D.C. noted that the Fed’s Inspector General is now reviewing alleged billions‑in cost overruns on the agency’s headquarters renovation and that the department will reopen the case only if new facts emerge. The Fed’s Office of Inspector General has already examined the allegations twice and found no wrongdoing, but the Trump administration had launched a “unprecedented” investigation into Powell’s congressional testimony about the renovation, framing it as intimidation; a federal judge later blocked Pirro’s subpoenas. Powell’s steadfast refusal to cut interest rates had drawn criticism from Trump, while Republican Sen. Thom Tillis repeatedly vowed to block Powell’s replacement—specifically former Fed governor Kevin Warsh—until the probe was dropped, even pledging to vote with Democrats against Warsh’s confirmation. The Justice Department has not commented on the story.

Read more: https://www.thedailybeast.com/judge-jeanine-pirro-abandons-probe-of-donald-trumps-enemy-jerome-powell-after-republican-revolt/

#JeaninePirro #JeromePowell #PresidentTrump #ThomTillis #FederalReserve #KevinWarsh

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Judge Jeanine Abandons Trump Enemy Probe After Republican Revolt

The president’s opponents had slammed the investigation as “bogus.”

The Daily Beast