The Department of Justice has concluded its investigation into Federal Reserve Chairman Jerome Powell, according to recent reports.
This development removes a potential obstacle for the Senate’s consideration of Kevin Warsh, who has been nominated by the president to take over leadership of the central bank.
The investigation’s closure comes as the Federal Reserve continues to navigate economic policy decisions affecting interest rates and monetary policy nationwide.
Warsh’s nomination now moves forward in the Senate confirmation process without the complication of an ongoing investigation into the current Fed chair.
