Jay Powell

The US Department of Justice has declined to reopen an investigation into Jerome Powell, the former chair of the Federal Reserve. The decision, reported by the Guardian and attributed to deputy attorney general Todd Blanche, closes off a push tied to the Trump administration to revisit scrutiny of Powell, whose leadership of the central bank repeatedly put him at odds with the White House over interest rate policy.

The US Department of Justice has decided not to reopen an investigation into Jay Powell, the former chair of the Federal Reserve. The decision, reported by the Guardian, closes off the prospect of renewed scrutiny of the central banker, whose tenure drew repeated political criticism. The Justice Department gave no indication of what prompted its refusal, and attention now turns to whether any further legal challenges to Powell will follow.

The US Department of Justice has declined to reopen an investigation into Jay Powell, the former chair of the Federal Reserve. The decision closes the door on renewed scrutiny of the former central bank chief. Observers are watching closely given the political sensitivities surrounding the Fed and its relationship with the Trump administration.

The US justice department has decided not to reopen a criminal investigation into Federal Reserve chair Jay Powell, the Financial Times reports. The move removes a legal overhang from the central bank's leadership. The decision is drawing attention given ongoing political pressure on the Fed and scrutiny of its leadership.