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The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

US justice department drops criminal investigation against Jerome Powell

Jerome Powell Donald Trump Kevin Warsh United States US Federal Reserve Thom Tillis Jeanine Pirro White House
a man in a suit speaks while seated with hand gestured
Jerome Powell, the Federal Reserve chair, speaks at Harvard University in Cambridge, Massachusetts, on 30 March. Photograph: Mel Musto/Bloomberg via Getty Images

The US Department of Justice is dropping its criminal investigation against the Federal Reserve chair, Jerome Powell, clearing the path for Donald Trump’s new nominee for chair to be confirmed.

Jeanine Pirro, Trump’s appointed US attorney for the District of Columbia, said in a social media post that she had directed her office to close its investigation into renovations at the Fed headquarters that went over budget.

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