The Department of Justice (DOJ) has officially dropped its criminal probe into Federal Reserve Chair Jerome Powell, a move that paves the way for Kevin Warsh to take over as the next Fed chair. The announcement came on April 24, 2026, when US Attorney for the District of Columbia Jeannine Pirro posted on X that her office was ending the investigation into the Fed’s building renovations, instead handing the matter over to the Fed’s internal watchdog.
According to Al Jazeera, Pirro said she expects a “comprehensive report in short order” and is confident the outcome will resolve the questions that led to the subpoenas in the first place. This decision removes a major hurdle for Warsh’s confirmation, which had been stalled by Senator Thom Tillis, a North Carolina Republican who refused to support Warsh until the investigation was resolved.
