DOJ expected to drop criminal probe of fed chair amid pressure from senators: Sources
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Attorney Jeanine Pirro said that the Federal Reserve's inspector general will investigate cost overruns in project to renovate the central bank's headquarters.
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Attorney Jeanine Pirro announced Friday that the Justice Department is dropping the investigation into Federal Reserve Chairman Jerome Powell.
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drops investigation into Federal Reserve and Jerome Powell NBC NewsDOJ Probe Into Powell and Fed Building Costs Has Been Dropped Bloomberg.comDOJ expected to drop criminal probe of Fed Chair Jerome Powell amid pressure from senators: Sources ABC News - Breaking News, Latest News and Videos
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The DOJ is expected to drop its criminal investigation into Federal Reserve Chair Jerome Powell as soon as Friday, sources tell ABC News.
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Summary
**Summary:** The Department of Justice (DOJ) is expected to drop a criminal probe into Federal Reserve Chair Jerome Powell due to pressure from senators. **Why It Matters:** This development could potentially ease concerns about Powell's independence and influence over monetary policy, though the reasons for dropping the probe remain unclear.