AXIOS (Courtenay Brown) - DOJ drops criminal probe into Fed chair Jerome Powell
The Department of Justice said it will drop a criminal probe into Federal Reserve chair Jerome Powell on Friday, a sharp pivot in an unprecedented investigation into the nation's top central banker. Why it matters: It opens the path for President Trump's pick to lead the Fed to be confirmed to the post after a standoff with Sen. Thom Tillis (R-N.C.), who blocked confirmation until the investigation was closed. What they're saying: "I have directed my office to close our investigation as the IG undertakes this inquiry," the U.S. attorney for the District of Columbia, Jeanine Pirro, wrote on X . - "This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of…
The Department of Justice said it will drop a criminal probe into Federal Reserve chair Jerome Powell on Friday, a sharp pivot in an unprecedented investigation into the nation's top central banker. Why it matters: It opens the path for President Trump's pick to lead the Fed to be confirmed to the post after a standoff with Sen. Thom Tillis (R-N.C.), who blocked confirmation until the investigation was closed. What they're saying: "I have directed my office to close our investigation as the IG undertakes this inquiry," the U.S. attorney for the District of Columbia, Jeanine Pirro, wrote on X . - "This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of…Open
