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DOJ Will Not Reopen Criminal Probe Into Fed Chair Powell
Original: DOJ Not Reopening Criminal Probe Into Fed’s Powell, Blanche Says
The US Department of Justice will not reopen a criminal investigation into Federal Reserve Chair Jerome Powell, according to Deputy Attorney General Todd Blanche. The announcement removes, for now, the threat of prosecution hanging over the Fed chief amid earlier scrutiny of his tenure. The decision is being watched closely for its implications for Federal Reserve independence and White House pressure on the central bank.
Why now: The Justice Department's confirmation ends recent speculation about a criminal case against the Fed chair amid political tension over interest rate policy.
Department of JusticeJerome PowellTodd BlancheFederal Reserve
Evidence
- DOJ Not Reopening Criminal Probe Into Fed’s Powell, Blanche Says · Bloomberg.com
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