According to cnbc, president Donald Trump has waged a long campaign to rein in the Fed. Prosecutors' decision to drop an investigation into Jerome Powell isn't the end. The Department of Justice has announced it is closing its investigation into the Federal Reserve, according to a report by CNBC.
Market_MoveUpdated · active update windowDevelopingSource: Media Report
DOJ Closes Investigation Into Federal Reserve, But Political Threats to Central Bank Independence Remain
The Department of Justice has dropped its probe into the Federal Reserve, but concerns persist over potential future political interference.
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Active Update Window · updated 2026-04-25 00:09 UTCThis story updates earlier coverage: Democratic senators warn DOJ could relaunch Fed probe at any time