End of Justice Department's Powell probe could clear way for Kevin Warsh's confirmation as Fed chair
Summary
The Justice Department has ended its criminal investigation into Federal Reserve Chair Jerome Powell. This decision removes an obstacle for President Donald Trump's nominee, Kevin Warsh, to become the next Federal Reserve Chair.Key Facts
- The Justice Department was investigating Jerome Powell, the current Federal Reserve Chair.
- The investigation focused on matters related to the Federal Reserve.
- The investigation has now been dropped by the Justice Department.
- Kevin Warsh is President Donald Trump's choice to replace Jerome Powell.
- Ending the investigation may help Kevin Warsh get confirmed as Federal Reserve Chair.
- The Federal Reserve Chair is an important position that influences U.S. economic policy.
- CBS News reported on this development with correspondent Nikole Killion.
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