Justice Department ends criminal probe into Fed Chair Powell
The Justice Department said it has ended a criminal investigation into Federal Reserve Chair Jerome Powell, a move described as clearing the path for his successor’s Senate confirmation amid concerns about presidential pressure on central bank independence.
The US Justice Department announced Friday it is dropping a criminal probe into Federal Reserve Chair Jerome Powell. The decision was described as paving the way for his replacement’s confirmation in the Senate, and comes amid concerns over President Donald Trump’s criticisms of the independent central bank.