Justice Department Concludes Investigation into Federal Reserve Chair
The Justice Department has finished its investigation into Federal Reserve Chair Jerome Powell. This conclusion may impact the appointment process for the central bank's leadership. (sources: dw, wsj, bbc, politico, cnbc)
The Justice Department has closed its investigation into Jerome Powell, which may affect the appointment of Kevin Warsh as the Federal Reserve's chair.
- The Justice Department's investigation into Jerome Powell has been closed.
- Kevin Warsh is a candidate for the position of chair of the Federal Reserve.
- The conclusion of the investigation may facilitate Warsh's appointment.
Why it matters
The outcome of this investigation and the potential appointment of Warsh could influence the direction of U.S. monetary policy.
↓ Why this is on ModernAction
2 bills on this issue are moving right now — and the most active one is Federal Reserve Transparency Act of 2025.
S2327 · 119th Congress
Federal Reserve Transparency Act of 2025
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About this bill
What S2327 actually does
This story is about US: Justice Department drops investigation into Fed Chair Powell. This bill would require a GAO audit of the Federal Reserve Board and Federal Reserve banks.
If passed, it would:
- Require a GAO audit of the Federal Reserve Board and Federal Reserve banks • Expand what GAO may audit (including key Fed activities.
1 other bill moving on this issue
Take action on any of them individually.
This story is about Analysis: The threat to the Fed's independence isn't over. This bill would change how the Fed/CFPB Inspector General is selected.
If passed, it would
- Change how the Fed/CFPB Inspector General is selected (PAS appointment/confirmation • Potentially alter perceived independence/accountability of the watchdog reviewing Fed management and spending.
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