DOJ Drops Criminal Probe into Federal Reserve, Leaving Jerome Powell's Future Uncertain
The U.S. Department of Justice has dropped a criminal probe into the Federal Reserve, potentially allowing President Donald Trump’s nominee to take over the central bank. However, the decision does not guarantee the current Fed chair, Jerome Powell, will leave. The probe, related to cost overruns in a building renovation, has been deferred to the Fed’s Office of Inspector General, with the possibility of a renewed investigation.
Topics: DOJ investigation Federal Reserve Jerome Powell Kevin Warsh Trump administration