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Justice Department drops criminal probe of Fed chair Powell, likely clearing the way for Warsh

WASHINGTON (AP) — The Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh. U. S. Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinize them instead. The move could lead to a swift confirmation vote by the Senate for Warsh, a former...

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