The US Justice Department has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, a move that reduces friction between the White House and the Fed. The decision, confirmed by DC’s top US attorney, shifts attention to the Fed’s Inspector General, now tasked with examining alleged multi-billion-dollar building cost overruns that taxpayers ultimately funded.
The US Justice Department has ended its criminal probe of Federal Reserve chair Jerome Powell, finding no evidence of criminal conduct tied to the Fed’s building renovations. With subpoenas already dismissed by a judge, the ruling removes a key hurdle for President Trump’s nominee Kevin Warsh, potentially paving the way for a quicker Senate confirmation vote.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
