DOJ drops criminal probe of Fed Chairman Powell, paves way for Warsh
The Justice Department is dropping its criminal investigation of Federal Reserve Chairman Jerome Powell, a move that opens the way for President Trump's nominee, Kevin Warsh, to head the central bank.
TL;DR
- The Justice Department has dropped its criminal investigation of Federal Reserve Chairman Jerome Powell.
- This action paves the way for President Trump's nominee, Kevin Warsh, to potentially head the Federal Reserve.
- The conclusion of the investigation removes an obstacle for Warsh's nomination.