U.S. Attorney for the District of Columbia Jeanine Pirro has reportedly abandoned plans to appeal a ruling in her ongoing investigation of Federal Reserve Chair Jerome Powell.
The move comes ahead of a key legal deadline and marks a notable shift in the strategy of the probe.
The development has drawn attention from lawmakers, including Democratic senators Elizabeth Warren and Dick Durbin, who have raised concerns about the implications of Pirro's actions.
Earlier reports indicated that the Department of Justice had already closed its investigation into Powell, according to Bloomberg.
The legal developments surrounding Powell have been a focal point for market observers, given the central bank's influence on monetary policy and broader economic conditions.
The resolution of this case could impact perceptions of regulatory risk and institutional independence.