0
Justice Department Ends Trump Revenge Crusade Against Fed Chair Powell
April 24, 2026
Posted 5 hours ago by
President Donald Trump is backing down from his vendetta against Jerome Powell. The Justice Department announced Friday that it is dropping its criminal investigation into the Federal Reserve chief over the renovation of the central bank’s Washington, D.C., headquarters. “This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers,” U.S.
Attorney for D.C. Jeanine Pirro posted on X. “Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry.”Powell’s term expires in May, and Trump’s nomination of Kevin Warsh to fill the position has faced roadblocks, with Republican Senator Thom Tillis threatening to hold up Warsh’s confirmation over the trumped-up investigation of Powell.This is a developing story.
The New Republic
Coverage and analysis from United States of America. All insights are generated by our AI narrative analysis engine.