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DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation

From cnbc.com

The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to the Senate confirming President Donald Trump’s nomination of Kevin Warsh to replace him. Jeanine Pirro, the top federal prosecutor in the District of Columbia, announced the decision to abandon the Powell probe in a post on X. Pirro had said on Wednesday that she was committed to continuing the probe, which had been crippled by a federal judge’s ruling quashing subpoenas her office issued to the Federal Reserve related to a multi-billion-dollar renovation of its headquarters in ... (full story)

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  • Category: Fundamental Analysis