The Bad PlaceHome - CBSNews.com | Justice Department drops probe into Fed Chair Jerome Powell
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Federal prosecutors have ended the criminal investigation into Federal Reserve Chairman Jerome Powell, U.S. Attorney Jeanine Pirro announced, shifting the inspector‑general’s focus to possible cost‑overrun issues in the Fed’s Washington headquarters renovation. The closure removes the main obstacle to Senate confirmation of President Trump’s nominee, former Fed governor Kevin Warsh, whose appointment had been stalled by Sen. Thom Tillis until the probe was dropped. Warsh testified that the central bank will remain “strictly independent” in its monetary policy, and Pirro said she will restart a criminal inquiry if new facts emerge. The probe, which had drawn attention after grand‑jury subpoenas were issued in early 2025 and later quashed by Judge James Boasberg, came amid Trump’s repeated public criticism of Powell and threats to fire him.
Read more: https://www.cbsnews.com/news/justice-department-drops-probe-into-fed-chair-jerome-powell/
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AI generated summary, Read the full article for complete information.
Justice Department drops probe into Fed Chair Jerome Powell
U.S. Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.