1 revisions for "The Powell Probe: How a Renovation Dispute Became a Test of Federal Reserve Independence"
The Justice Department dropped its criminal investigation of Federal Reserve Chair Jerome Powell on April 24, 2026, ending a probe that a federal judge said was backed by "essentially zero evidence" of wrongdoing and appeared designed to pressure Powell on interest rates. The closure removes the final obstacle to Kevin Warsh's confirmation as the next Fed chair, but raises lasting questions about whether the DOJ can be used to coerce independent regulators.