Pirro drops probe into Fed’s Powell, paving way for Warsh confirmation
DOJ drops probe into Fed's Powell, clearing path for Warsh confirmation as Fed chair.
impact+0.80
sentiment+0.30
n=3
the doj on friday said it's dropping its probe into fed chair jerome powell, ending a standoff between the white house and the central bank. the move clears the path for kevin warsh, trump's nominee for fed chair, to take over when powell's term ends may 15.
the announcement came from the department of justice, which had been investigating powell. warsh's confirmation is now expected to proceed without the legal cloud that had been hanging over powell's leadership. powell's term as chair expires in just over two months.
read at marketwatch_top →