Justice Department concludes investigation into Federal Reserve Chair
The Justice Department has finished its criminal investigation into the Federal Reserve Chair. This conclusion may impact the Senate confirmation process for the nominated successor. (sources: abc, cbsnews, usatoday, ap, aljazeera)
The Justice Department has ended its investigation into the Federal Reserve Chair, which could affect the Senate's confirmation process for the nominee to replace them.
- The Justice Department's investigation focused on the Federal Reserve's renovation.
- Kevin Warsh has been nominated to succeed the Federal Reserve Chair.
- The conclusion of the investigation removes a significant obstacle for Warsh's confirmation.
Why it matters
The outcome may influence the leadership of the Federal Reserve and its policy direction.
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3 bills on this issue are moving right now — and the most active one is A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection..
S1627 · 119th Congress
A bill to require Presidential appointment and Senate confirmation of the Inspector General of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection.
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This story is about Justice Department concludes investigation into Federal Reserve Chair. This bill would require the Comptroller General to complete an audit of the Fed Board and Reserve Banks within 12 months.
If passed, it would
- Require the Comptroller General (GAO) to complete an audit of the Fed Board and Reserve Banks within 12 months • Remove at least one statutory limitation on GAO audits of the Fed (amending 31 U.S.C. §714.
This story is about Justice Department concludes investigation into Federal Reserve Chair. This bill would require an appropriations act before the Fed would incur/pay certain non-monetary-policy administrative costs.
If passed, it would
- Require an appropriations act before the Fed can incur/pay certain non-monetary-policy administrative costs • Create an assessment/fee structure intended to recover the costs of that annual appropriation.
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