DOJ Drops Criminal Probe of Fed Chair Powell, Clearing Path for Warsh
Bitcoin Magazine
The DOJ has ended its investigation into Jerome Powell, removing a key obstacle for the Senate confirmation of Kevin Warsh as Fed Chair.Summary
The U.S. Department of Justice has officially closed its criminal investigation into Federal Reserve Chair Jerome Powell, which concerned alleged cost overruns at the Fed's headquarters. The probe, previously described by officials and lawmakers as lacking evidence and politically motivated, had stalled the Senate confirmation of Kevin Warsh. With the investigation concluded, the Senate is expected to move forward with confirming Warsh, a former Fed governor who has signaled a hawkish stance on inflation. This transition remains highly significant for Bitcoin investors, as Warsh’s potential leadership could influence future interest rate policies and market liquidity.
(Source：Bitcoin Magazine)