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Mmastodon WorldWorld first seen 10 h ago, last 3 h ago, peak #2

Justice Department declines to reopen Jay Powell investigation

Original: DoJ declines to reopen investigation into former Fed chair Jay Powell https://www.theguardian.com/business/2026/oct/02/d

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.

Why now: Any legal scrutiny of a former Fed chair carries major implications for central bank independence and US politics.

Jay PowellDepartment of JusticeFederal Reserve

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