Business & Economy · 40 views
DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation
President Donald Trump's nomination of Kevin Warsh to replace Federal Reserve Chair Jerome Powell had been effectively blocked because of the investigation.
AI Summary
The Department of Justice has closed its investigation into Federal Reserve Chair Jerome Powell, removing a significant obstacle to the confirmation of Kevin Warsh as Powell's replacement. This development is notable because it had previously hindered the confirmation process for Warsh, who was nominated by President Donald Trump to take over as Fed Chair.
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