The U.S. Department of Justice has concluded its investigation into Federal Reserve Chair Jerome Powell, shifting the focus to an internal review by the Fed's Inspector General concerning headquarters renovation costs. This investigation was previously seen as a significant hurdle to Trump's nomination of Kevin Warsh as the next Fed Chair, with Republican Senator Thom Tillis using it to block the confirmation process. The White House stated that this decision will expedite the appointment process and emphasized ongoing scrutiny of the Fed's financial management.
U.S. DOJ Ends Powell Investigation, Fed Inspector General to Review
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