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DOJ set to end Fed Chair Powell probe as soon as Friday, clearing path for Warsh confirmation
The decision comes despite DC US Attorney Jeanine Pirro saying Wednesday her office would press on with the probe and appeal the court ruling on the subpoenas.
A criminal investigation that threatened to stall the Federal Reserve’s leadership transition is nearing its end. The Justice Department is expected to drop its probe into Fed Chair Jerome Powell as soon as Friday, ABC News reported.
The development comes after Senator Thom Tillis, a key Republican on the Senate Banking Committee, blocked Warsh’s confirmation pending resolution of the inquiry.
This is a developing story. Please check back for further updates.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.