0
US Justice Department Drops Probe Into Fed Chair Powell | Dawn News English
April 24, 2026
Posted 4 hours ago by
The US Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, removing a major legal and political cloud over the central bank. The probe had focused on cost overruns tied to the Federal Reserve’s headquarters renovation and Powell’s testimony to Congress, but prosecutors ultimately found insufficient grounds to proceed.
The decision carries significant implications for global financial markets and central bank independence. It is expected to clear the path for President Donald Trump’s nominee, Kevin Warsh, to take over as Fed chair, raising fresh questions about monetary policy direction and political influence over the world’s most powerful central bank. --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Official Facebook: https://www.facebook.com/dawndotcom/ Official Twitter: https://twitter.com/dawn_com Website: www.dawn.com Official Instagram: https://www.instagram.com/dawnnewsenglish #jeromepowell #federalreserve #usnews #globaleconomy #breakingnews #Geopolitics #finance #dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews
DawnNews English
Coverage and analysis from Pakistan. All insights are generated by our AI narrative analysis engine.