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DOJ Drops Powell Probe, Clearing Way For Kevin Warsh To Lead Federal Reserve
The Department of Justice abandoned its investigation into Federal Reserve Chairman Jerome Powell on Friday, clearing the way for Kevin Warsh to assume the chairmanship in May. Powell, who saw the probe as an effort to interfere with the central bank's independence, had vowed to stay on at the Fed until the case was completely put to rest.
The Department of Justice abandoned its investigation into Federal Reserve Chairman Jerome Powell on Friday, clearing the way for Kevin Warsh to assume the chairmanship in May. Powell, who saw the probe as an effort to interfere with the central bank's independence, had vowed to stay on at the Fed until the case was completely put to rest.