DOJ won't reopen criminal probe into former Fed Chair Powell

· Finance · United States

The DOJ said it will not reopen a criminal investigation into former Fed Chair Jerome Powell, following a Fed inspector general report that found no grounds for a criminal referral over a mismanaged headquarters renovation.

Why it matters：This closes a legal cloud over a former top central banker, reinforcing Fed independence and removing uncertainty that could have affected monetary policy credibility.

Key points

  • The decision follows a Fed inspector general report.
  • The report found no grounds for a criminal referral over the headquarters renovation.

Sources (original reporting)

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