Justice Department drops criminal probe of Fed Chair Jerome Powell
Summary
The U.S. Justice Department has stopped its criminal investigation of Federal Reserve Chair Jerome Powell. The probe was about the central bank's renovation project.Key Facts
- The investigation focused on the Federal Reserve's building renovation.
- Jerome Powell is the Chair of the Federal Reserve.
- The Justice Department decided to end the criminal probe.
- U.S. Attorney Jeanine Pirro announced the decision on a Friday.
- No charges or further legal action will be taken against Powell in this matter.
- The Federal Reserve oversees the country’s main banking system.
- The renovation project was the subject of legal scrutiny.
- This announcement was reported by CBS News.
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