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DOJ Will Not Reopen Criminal Probe Into Fed's Powell
Original: DOJ Not Reopening Criminal Probe Into Powell, Blanche Says
The Justice Department will not reopen a criminal investigation into Federal Reserve Chair Jerome Powell, according to comments by Todd Blanche, who serves as Deputy Attorney General. The decision closes off, for now, a politically charged effort pursued earlier this year amid White House criticism of Powell over the Fed's headquarters renovation costs and interest rate policy. The announcement is drawing attention because of tensions between the Trump administration and the central bank.
Why now: Confirmation that the Justice Department is dropping the investigation into the Fed chair resolves a high-profile dispute between the administration and the central bank.
Jerome PowellJustice DepartmentTodd BlancheFederal Reserve
Evidence
- DOJ Not Reopening Criminal Probe Into Powell, Blanche Says · Bloomberg.com
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