Trump's DOJ drops probe that stood in way of president's pick to run Federal Reserve

What Happened

President Trump's Department of Justice dropped its investigation into Federal Reserve Chair Jerome Powell on Friday, removing a key Senate obstacle to Kevin Warsh's confirmation as Powell's replacement. The probe centered on Fed building renovation cost overruns. Attorney General Jeanine Pirro directed the DOJ to close the criminal investigation, allowing the Fed's inspector general to conduct a separate review. Warsh's confirmation odds surged to over eighty percent following the announcement.

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