The DOJ dropping its probe into Powell clears the path for Kevin Warsh's confirmation as Fed chair. The Senate Banking Committee is still pushing for real accountability on the Fed's cost overruns, and the Inspector General's review will deliver the transparency taxpayers deserve. The Federal Reserve needs to stay focused on price stability, not wasteful mismanagement.
The DOJ's criminal probe into Powell was a politically motivated pressure campaign designed to force interest rate cuts, and it collapsed because it had no legal merit — a federal judge quashed the subpoenas after prosecutors produced essentially zero evidence. Dropping the case only after it threatened Warsh's confirmation proves it was never about justice. Weaponizing federal law enforcement against an independent Fed chair is a direct threat to economic stability.
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