Justice Department Ends Criminal Probe Into Jerome Powell Clearing Way for Kevin Warsh Confirmation

The Department of Justice has officially concluded its criminal investigation into Jerome Powell regarding federal building renovation costs.Jeanine Pirro announced the transfer of oversight to the Federal Reserve inspector general to resolve fiscal accountability concerns.This development removes a major political hurdle for the confirmation of Kevin Warsh as the next central bank leader.Senator Thom Tillis previously stalled the Senate nomination process until the criminal probe into the Federal Reserve head ended.
Published:21h |Updated:18h
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