
Justice Dept Drops Probe Into Fed Chair Jerome Powell
The U.S. Justice Department has closed its criminal investigation into Fed Chair Jerome Powell, ending a political standoff over the central bank's independence
- ▸Washington, D.C. — The U.S. Justice Department has closed its contentious criminal investigation into Federal Reserve Chair Jerome Powell, a move that resolves a high-stakes political standoff and clears a path for the Senate to confirm President Trump's chosen successor to lead the central bank.
- ▸The Official Reason: The probe focused on renovation costs that escalated from an initial estimate of $1.9 billion to $2.5 billion.




































