Anonymousabout 2 hours ago
The Department of Justice dropped its criminal investigation into Federal Reserve Chair Jerome Powell on April 24, 2026, removing a key Republican holdout's objection to confirming Kevin Warsh as Powell's successor — but the nomination still faces unified Democratic opposition and unresolved questions about Warsh's financial disclosures and policy agenda. With Powell's term expiring May 15, the prospect of a leadership vacuum at the world's most powerful central bank has rattled bond markets and drawn concern from foreign central bankers about dollar liquidity continuity.