DOJ drops criminal probe of Fed Chair Powell, removes hurdle

Politics

DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation

Published Fri, Apr 24 202610:17 AM EDTUpdated 2 Min Ago

Dan Mangan@in/danmangancnbc/@_DanMangan

 

Key Points

• The Department of Justice dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to President Donald Trump’s nomination of Kevin Warsh to replace him.
• Jeanine Pirro, the top federal prosecutor in the District of Columbia, announced the decision to abandon the Powell probe on X.
• Sen. Thom Tillis, a North Carolina Republican, had put an effective hold on the Senate confirming Warsh unless the criminal investigation of Powell was dropped.