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News in English (USA) / 25.04.2026 / 22:00

Justice Department Drops Investigation into Fed Chair Jerome Powell, Clearing Path for Warsh

In a significant development, the U.S. Justice Department has closed its criminal investigation into Federal Reserve Chair Jerome Powell, a move that is likely to ease the confirmation process for Kevin Warsh as his successor. The investigation, initially pushed by former President Trump, faced criticism from both Republican and Democratic senators, questioning its legitimacy and purpose. Jeanine Pirro, who initially led the probe, has since dropped it but warned that she could reopen it if necessary. As the political landscape shifts, top Democrats demand clarity about any future actions, while Trump remains open to exploring alternative investigations regarding the Federal Reserve.
Common Dreams, CNN, The New York Times, The Hill, The Washington Post, National Review, Bloomberg.com, CNBC, The American Prospect, WSJ