DOJ Ends Jerome Powell Criminal Probe, Clearing Path for Fed Nominee

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Federal Reserve Chair’s Investigation Disappears as DOJ Calls It Closed

The Department of Justice announced today that it is terminating the criminal probe into Federal Reserve Chair Jerome Powell. U.S. Attorney for the District of Columbia Jeanine Pirro confirmed the decision on X, noting that the closure coincides with an ongoing Inspector General inquiry. The move removes a significant legal cloud ahead of Powell’s pending nomination for a second term as Fed Chair.

Key Takeaways

DOJ termination: The Justice Department has officially ended its criminal investigation of Jerome Powell.
Inspector General involvement: The closure aligns with a separate inquiry being conducted by the Office of the Inspector General.
Implications for nomination: With the probe concluded, Powell’s path to a renewed term as Federal Reserve Chair faces fewer political obstacles.
Official statement: U.S. Attorney Jeanine Pirro posted on X that the decision reflects coordination with the IG investigation.
No charges filed: The termination indicates that no criminal charges will be pursued against Powell at this time.

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