DOJ Halts Criminal Probe Into Fed Chair Powell

Published 3 days ago

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Above: Fed Chair Jerome Powell on April 17, 2026. Image credit: Samuel Corum/Bloomberg/Getty Images

The Spin

This clears the path for Warsh's confirmation as Fed chair, a smart move by the Trump administration. The Senate Banking Committee is still pushing for real accountability and Pirro says she will revisit the case depending on the inspector general's findings. Taxpayers will get the transparency they deserve, while the country gets a Fed chair that will keep America thriving.

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U.S. Senate Banking Committee GOP on X

The probe of Powell was a politically motivated pressure campaign designed to force interest rate cuts, and it collapsed because it had no legal merit. 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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Metaculus Prediction

There's a 20% chance that Powell will cease to be a governor of the Federal Reserve Board before his term ends, according to the Metaculus prediction community.