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politics5h ago
US justice department drops criminal investigation against Jerome Powell
Theguardian.com and 13 more
- The U.S. Justice Department drops its criminal investigation of Federal Reserve Chair Jerome Powell, paving the way for Warsh to be confirmed as head of the central bank.
- Powell's term ends May 15, and DOJ closure removes a political hurdle that had blocked Warsh’s nomination before the confirmation.
- The investigation focused on renovations cost overruns at the Fed, with the Fed inspector general now set to oversee accountability to taxpayers.
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