Trump’s Justice Department drops probe into Fed’s Powell
Fast facts
- Category: Business
- Language: EN
- Published: 2026-04-24 11:30 UTC
- Sources: MarketWatch, Financial Times
The US Department of Justice has dropped its criminal probe into Federal Reserve Chair Jerome Powell, paving the way for Kevin Warsh's confirmation as the next Fed chair. The move comes after a standoff between Trump's administration and Powell's leadership. Reuters reports that the decision is expected to be finalized soon.
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