US Federal Reserve Chair Jerome Powell speaks at the Federal Reserve Board Building in Washington, DC. (March 18, 2026)
US prosecutor ends probe on Fed chair Powell
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2 hours ago|US prosecutor Jeanine Pirro dropped a criminal probe involving Federal Reserve Chair Jerome Powell on Friday, clearing the way for his replacement's confirmation amid concerns over President Donald Trump's attacks on the independent central bank.
In a social media post, Pirro said the inspector general for the Fed would instead look into renovation cost overruns. "Accordingly, I have directed my office to close our investigation."
