US justice department drops criminal investigation against Jerome Powell

The Guardian The Guardian

Move will remove obstacle for confirmation of Kevin Warsh, Trump’s pick to replace Powell as Federal Reserve chair

The US Department of Justice is dropping its criminal investigation against Federal Reserve chair https://www.theguardian.com/business/jerome-powell">Jerome Powell, clearing the path for https://www.theguardian.com/us-news/donaldtrump">Donald Trump’s new nominee for chair to be confirmed.

Jeanine Pirro, Trump’s appointed US attorney for the District of Columbia, said in a social media post that she directed her office to close its investigation into https://www.theguardian.com/business/2025/jul/21/us-federal-reserve-renovations">renovations at the Fed headquarters that went over budget.

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