US Department of Justice Halts Probe into Federal Reserve Chair Jerome Powell

The US Department of Justice has decided to halt its investigation into Federal Reserve Chair Jerome Powell, citing concerns about construction expenses. US Attorney Jeanine Pirro announced that the probe will transition to an internal review by the central bank’s inspector general.

Last year, President Donald Trump raised concerns about the Federal Reserve’s renovation projects, which had become a focal point of his ongoing disagreement with Powell.

With Powell’s term concluding soon, the US Senate is now assessing Trump’s proposed successor, Kevin Warsh, for the position. Republican Senator Thom Tillis had delayed endorsing Warsh’s nomination until the Trump administration suspended its inquiry.

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