DoJ drops Powell probe, clearing way for Warsh
U-turn comes after Thom Tillis doubled down on threat to block president’s chosen successor
The US Department of Justice today (April 24) abandoned its criminal case against Federal Reserve chair Jerome Powell, thus paving the way for Kevin Warsh to be confirmed as his successor.
In an announcement on social media, US attorney for the District of Columbia Jeanine Pirro said she had directed her office to close the investigation over cost overruns at the Fed’s Washington headquarters and Powell’s testimony on the issue to Congress. Instead, the Fed’s inspector-general (IG) would be
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