Justice Department drops probe into Fed Chair Jerome Powell
CBS News
Last updated: April 25, 2026
Federal prosecutors have concluded their criminal investigation into Federal Reserve Chairman Jerome Powell. This development removes a significant hurdle for his potential reappointment.
- Federal prosecutors, led by U.S. Attorney Jeanine Pirro, have officially ended their criminal investigation into Federal Reserve Chairman Jerome Powell. The investigation centered on allegations that Powell may have violated federal laws by trading stocks in companies regulated by the Federal Reserve. Specifically, the inquiry looked into his financial dealings and potential conflicts of interest during his tenure. The conclusion of this criminal probe means Powell is no longer facing potential charges related to these financial activities. This outcome is expected to significantly smooth the path for his potential reappointment as Federal Reserve Chairman, a decision that awaits confirmation. The resolution of this legal challenge allows for a clearer focus on his leadership and policy decisions at the helm of the U.S. central bank.
