Justice 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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Trump vows to 'get to the bottom' of Fed's multibillion-dollar building renovation after probe shift
A day after U.S. Attorney for the District of Columbia Jeanine Pirro announced she had directed her office to close its investigation into the Federal Reserve over a building project, President Donald Trump said he wants to know what happened."Well, I want to find out," the president told reporters before boarding Air Force One at Palm Beach International Airport in Florida on Saturday, after a journalist asked if he agreed with Pirro’s decision…
DoJ Drops Investigation of Fed Chair Powell
The Justice Department has ended its investigation of Federal Reserve Chairman Jerome Powell, removing a key obstacle to Senate confirmation of Kevin Warsh as his successor. U.S. Attorney Jeanine Pirro said Friday her office would close its probe of the Fed’s $2.5 billion headquarters renovation because the central bank’s inspector general would review it instead. The investigation was widely viewed as a pressure tactic to push Powell into lowe…
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.
Justice Department drops criminal investigation into Fed
The Justice Department, in a stunning reversal, announced Friday that it was dropping its criminal investigation into the Federal Reserve and its chair, Jerome Powell. The decision could clear the path for Kevin Warsh, President Donald Trump’s pick to lead the central bank, to win confirmation. The post Justice Department drops criminal investigation into Fed appeared first on Hawaii Tribune-Herald.
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
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