DOJ drops Powell probe, clears path for Warsh Fed chair nomination

The Department of Justice has ended its investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to the Senate confirming Kevin Warsh as the next Fed chair.

By Handelsavisen 2026-04-25 00:10 UTC · 1 min read

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US Treasury yields unchanged as Fed chair transition uncertainty eases

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Active Update Window · updated 2026-04-25 00:10 UTCThis story updates earlier coverage: Fed Chair Powell Faces Decision After DOJ Closes Probe

According to cnbc, president Donald Trump's nomination of Kevin Warsh to replace Federal Reserve Chair Jerome Powell had been effectively blocked because of the investigation. The Department of Justice announced on Friday that it has closed its criminal investigation into Federal Reserve Chair Jerome Powell.