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Justice Department says it is not reopening criminal probe into Powell
Original: Blanche says DOJ is not reopening criminal probe into Fed’s Powell, Bloomberg News reports
US Deputy Attorney General Todd Blanche said the Justice Department is not reopening a criminal investigation into Federal Reserve Chair Jerome Powell, according to Bloomberg News. The clarification follows reports of scrutiny over the Fed headquarters renovation project. The announcement matters for financial markets, which have been sensitive to any sign of political pressure on the central bank and its leadership.
Why now: Any suggestion of a criminal probe into the Fed chair fuels concerns about political pressure on the central bank, so the denial drew wide attention.
Todd BlancheJerome PowellUS Department of JusticeFederal Reserve
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- Blanche says DOJ is not reopening criminal probe into Fed’s Powell, Bloomberg News reports · The Mighty 790 KFGO
- Blanche says DOJ is not reopening criminal probe into Fed’s Powell, Bloomberg News reports · whbl.com
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