multi source·3h ago·8 sources analyzed
Justice Department ends criminal investigation into Powell
The Justice Department has concluded its criminal investigation into Federal Reserve Chair Jerome Powell. This decision follows a review of the circumstances surrounding the inquiry. (sources: nbcnews, cbsnews, bbc, businessinsider, cbc)
Image: cbsnews
ModernAction Briefing
The Justice Department has dropped its criminal probe into Jerome Powell, the chair of the Federal Reserve. The investigation has been officially closed without any charges.
- The Justice Department announced the end of its investigation into Powell.
- The decision was made public on a Friday.
- No charges were filed against Powell as a result of the investigation.
Why it matters
The conclusion of this investigation may impact perceptions of the Federal Reserve's leadership and its independence.
No specific legislation identified for action yet.