Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh

The Justice Department has ended its criminal investigation into Federal Reserve Chair Jerome Powell, removing a barrier to his successor Kevin Warsh's Senate confirmation. The probe into the Fed's building renovations was transferred to the Fed's inspector general, and a judge previously criticized the DOJ's lack of evidence. Warsh, nominated by President Donald Trump, faces potential swift confirmation now that the investigation is resolved.