DOJ Ends Jerome Powell Probe

The United States — United States Department of Justice has ended its criminal probe into United States — Federal Reserve chair Jerome Powell, removing a major obstacle to the confirmation of Kevin Warsh as his successor. U.S. Attorney for the District of Columbia Jeanine Pirro announced the decision, stating that the United States — Federal Reserve's Office of Inspector General would scrutinize the Fed's building renovations instead. The investigation, which had been criticized by federal judge James Boasberg for lacking evidence, was seen by some as politically motivated against a perceived adversary of President Donald Trump. Senator Thom Tillis had previously blocked Kevin Warsh's confirmation until the probe was resolved. This development clears the way for a swift Senate vote on Kevin Warsh, whose term as chair ends May 15.