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The Times of India
The Times of India
World
TOI World Desk

US justice dept closes criminal investigation into Fed chief Jerome Powell, clearing hurdle for Trump nominee Kevin Warsh

Jerome Powell Kevin Warsh United States Justice Department US Federal Reserve Donald Trump Jeanine Pirro Thom Tillis

The US Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, a move seen as removing a hurdle to the confirmation of Kevin Warsh, President Donald Trump’s nominee to lead the central bank, with Powell’s term as chair set to end on May 15.

US Attorney Jeanine Pirro said the criminal probe into cost overruns linked to renovations at the Federal Reserve’s Washington headquarters would be closed, with scrutiny now continuing through the Office of Inspector General (OIG), which has already been reviewing the project, Reuters reported.

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