Justice Department Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh Nomination

The U.S. Department of Justice has terminated its criminal investigation into Federal Reserve Chair Jerome Powell over alleged cost overruns in a multi-billion-dollar renovation of the central bank’s headquarters in Washington, D.C. This decision paves the way for the Senate to confirm President Donald Trump’s nominee, Kevin Warsh, as Powell’s successor. U.S. Attorney Jeanine Pirro […] The post Justice Department Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh Nomination appeared first on the deep dive.