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CNBC

DOJ drops criminal probe of Fed Chair Powell, removes hurdle for Warsh confirmation

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President Donald Trump's nomination of Kevin Warsh to replace Federal Reserve Chair Jerome Powell had been effectively blocked because of the investigation.

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Pirro drops probe into Fed’s Powell, paving way for Warsh confirmation

President Donald Trump’s Department of Justice on Friday said that it’s backing down in a standoff over the leadership of the Federal Reserve, and that announcement is expected to pave the way for Trump’s nominee for Fed chair, Kevin Warsh, to take over for current Fed Chair Jerome Powell as Powell’s term for that role ends May 15.

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