Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC.
Alex Wong | Getty Images
The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to 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 on X.
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