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DOJ Will Not Reopen Criminal Probe into Fed's Powell
The US Department of Justice has decided not to reopen a criminal investigation into Federal Reserve Chair Jerome Powell. The decision resolves, for now, a politically charged question over whether the central bank chief could face prosecution, though the Justice Department did not detail its reasoning. Powell remains under pressure from the administration over interest rate policy.
Why now: The Fed chair's independence and his feud with the Trump administration over rate cuts keep the prospect of a criminal probe in the spotlight.
US Department of JusticeJerome PowellFederal Reserve
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- DOJ Will Not Reopen Criminal Probe into Fed's Powell · ASHARQ AL-AWSAT English
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