The Trump administration’s extraordinary criminal investigation of Federal Reserve Chair Jerome Powell is over, removing significant uncertainty that had been clouding the future of the world’s most important central bank.
Jeanine Pirro, the US Attorney for the District of Columbia, announced on X Friday she is closing the probe.
In the investigation’s place, the Fed’s inspector general has agreed to scrutinize the significant cost overruns at the central bank’s ongoing multibillion-dollar renovation project at its Washington, DC, headquarters.
The end of the investigation clears the way for Kevin Warsh, President Donald Trump’s pick to succeed Powell, to get confirmed for the role.
0:00 CNN senior justice correspondent reports on DOJ dropping the Jerome Powell probe
2:42 How a GOP senator stood between Powell and the Trump administration
7:29 Former federal prosecutor says it's surprising to see the Trump admin drop the probe
Watch more CNN here: https://cnn.it/4kh5RPe
#JeromePowell #Trump #News