Justice Department Ends Probe into Fed Chair Powell, Paving Way for Warsh Confirmation
The U.S. Justice Department has concluded its investigation into Federal Reserve Chair Jerome Powell, removing a significant barrier to the confirmation of Kevin Warsh as his successor. The investigation, which focused on the Federal Reserve's building renovations, will now be overseen by the Fed's inspector general. This development could expedite Warsh's confirmation by the Senate, as his nomination by President Trump had been stalled due to the ongoing probe. The investigation was part of several efforts by the Justice Department to scrutinize individuals perceived as adversaries of President Trump. However, the probe into Powell lacked substantial evidence, leading to its dismissal. The investigation was seen as an attempt by the Trump administration to influence the Federal Reserve's interest rate decisions, which Powell had resisted. 
