Justice Department Drops Criminal Investigation Into Federal Reserve Chair Jerome Powell
The DOJ dropped its criminal investigation into Federal Reserve Chair Jerome Pow·April 24 – April 26, 2026
23 days ago
Justice Department Drops Criminal Investigation Into Federal Reserve Chair Jerome Powell
The Department of Justice closed its criminal investigation into Federal Reserve Chair Jerome Powell on April 24, 2026 without filing charges. Officials referred the case to the Federal Reserve's inspector general for further review instead of pursuing criminal prosecution. This decision ends a period of legal uncertainty for the central bank leader as his term nears its conclusion. The end of the probe has immediate implications for the Senate confirmation of Kevin Warsh, who is nominated to succeed Powell. Senator Thom Tillis announced his support for Warsh following the news, stating that the cleared investigation removes a major hurdle for the transition. While the criminal case is over, some analysts argue that the investigation itself has already created new risks for the independence of the Federal Reserve.
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