Fed Probe Dropped, Warsh Confirmation Smooth

Fed Probe Dropped, Warsh Confirmation Smooth

Author: The Daily News Now! April 24, 2026 Duration: 1:26
Irvine News Today | 2 Min News | The Daily News Now!
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Justice Department Drops Investigation into Jerome Powell, Clearing Path for Kevin Warshs Confirmation: The probe into Federal Reserve chair Jerome Powells building renovations has been dropped, with the case handed over to the Feds inspector general. This decision clears a major hurdle for confirming Powells successor, Kevin Warsh, as Senate Republicans, including Thom Tillis, can now move forward with his nomination. The investigation, which was part of a broader Justice Department look into Trumps opponents, failed to find any evidence of wrongdoing, leading to the dismissal of subpoena requests and prosecutors unannounced visit to a construction site. With the probe over, Warshs confirmation process can proceed smoothly, avoiding further drama.

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