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