Politics·4/24/2026AI summary DOJ Drops Criminal Investigation Against Fed Chair Powell, Clearing Path for Trump Nominee Warsh
The US Department of Justice is dropping its criminal investigation into Federal Reserve chair Jerome Powell regarding renovations at the Fed headquarters that went over budget. Trump-appointed US Attorney Jeanine Pirro announced she directed her office to close the investigation, clearing the path for Kevin Warsh, Trump's nominee to replace Powell, to be confirmed. The investigation, first made public in January, drew bipartisan criticism with Senator Thom Tillis blocking Warsh's nomination until it ended. Powell had called the investigation 'pretexts' meant to pressure the central bank to lower interest rates.