DOJ Concludes Criminal Investigation into Fed Chair Jerome Powell

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2026-04-25 14:40:02

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The U.S. Department of Justice has closed its criminal probe into Federal Reserve Chair Jerome Powell, clearing him of misconduct related to the Fed's building renovation project. Prosecutors found insufficient evidence for charges after reviewing documents and testimony.

U.S. Attorney Jeanine Pirro confirmed the investigation's conclusion while announcing a separate Inspector General review into cost overruns on the renovation. The IG retains authority to reassess accountability measures, though no criminal proceedings are anticipated.

The resolution removes legal uncertainty as Powell prepares for potential leadership transitions at the central bank. Market observers note the decision preserves institutional stability during a sensitive period for monetary policy.

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