"The United States Department of Justice has ended its probe into US Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh."
"US Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed's extensive building renovations because the Fed's inspector general would scrutinise them instead."
"The leadership transition at the world's leading central bank could now proceed quickly. Republicans praised Warsh during a Tuesday hearing even as Democrats questioned his independence from Trump."
The United States Department of Justice concluded its investigation into Jerome Powell, allowing for the confirmation of Kevin Warsh as his successor. US Attorney Jeannine Pirro announced the end of the probe into the Federal Reserve's building renovations, transferring oversight to the Office of Inspector General. This decision is expected to expedite Warsh's confirmation process, which had been stalled due to the investigation. While Republicans support Warsh, Democrats express concerns about his independence and financial transparency.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]