The Justice Department on Friday dropped its criminal investigation into Fed Chairman Jerome Powell.
This clears the way for Trump’s Fed Chair nominee Kevin Warsh to be confirmed.
Senator Thom Tillis vowed to block Trump’s Fed Chair confirmation until the Justice Department dropped its investigation into Powell.
US Attorney Jeanine Pirro made the announcement on Friday morning:
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 expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas.
Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry. Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so.
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…
— US Attorney Pirro (@USAttyPirro)April 24, 2026
Source: The Gateway Pundit
