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DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation
The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to the Senate confirming President Donald Trump’s nomination of Kevin Warsh to replace him. Jeanine Pirro, the top federal prosecutor in the District of Columbia, announced the decision to abandon the Powell probe in a post on X. Pirro had said on Wednesday that she was committed to continuing the probe, which had been crippled by a federal judge’s ruling quashing subpoenas her office issued to the Federal Reserve related to a multi-billion-dollar renovation of its headquarters in ... (full story)
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From @financialjuice|Apr 24, 2026|1 commentUS Treasury Secretary Bessent: Dollar swap line talks with Gulf, Asian allies routine. Expanded swap lines would reinforce dollar dominance and liquidity Permanent swap lines could create new dollar funding centers in the Gulf and Asia. Additional swap lines could prevent…
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From abcnews.com|Apr 24, 2026|63 commentsThe Department of Justice is expected to drop its criminal investigation into Federal Reserve Chair Jerome Powell as soon as Friday, ending a standoff that threatened to delay the confirmation of Powell's successor at the central bank, multiple sources familiar with the matter told ABC News. Senior DOJ officials have contacted senators in recent days, including Republican Sen. Thom Tillis. who sits on the Senate Banking Committee, informing them of the plan to drop the probe and refer the matter regarding alleged cost overruns at the Fed's Washington headquarters to the bank's internal watchdog, the sources said. The Fed's independent inspector general conducted an audit of the building renovation costs in 2021 and Powell had already asked the watchdog to take a fresh look at the $2.5 billion project last year. This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers. The IG has the authority to hold the Federal Reserve accountable to American taxpayers. I…
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From think.ing.com|Apr 24, 2026The Bank of England is poised to keep rates on hold at its April meeting. But will it push back against market expectations of two rate hikes by year-end? The Bank was evidently ...
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From @DeItaone|Apr 24, 2026|14 commentsTRUMP ADMIN. FREEZES $344 MLN IN CRYPTO OVER LINKS TO IRAN - CNN
