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Justice Department ends probe of Jerome Powell, clears path for Kevin Warsh

financeApr 24, 2026211,419

The Justice Department ended its criminal probe of Federal Reserve Chair Jerome Powell, U.S. Attorney for the District of Columbia Jeanine Pirro announced, removing a major legal hurdle to President Trump's nominee Kevin Warsh's confirmation as Fed chair. The wind-down could resolve an impasse after Senator Thom Tillis had stalled Warsh's nomination pending the investigation, though the Senate has not yet confirmed Warsh. Pirro said the office is closing the criminal inquiry while a separate audit of a Federal Reserve construction project requested by Powell continues, and officials released no immediate findings. The move matters because it lets the Senate advance Warsh's nomination and could determine WHO leads the central bank and its policy direction.

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