Jefferies' David Zervos on DOJ closing Powell probe
CNBC
Last updated: April 25, 2026
The Department of Justice has concluded its criminal investigation into Federal Reserve Chair Jay Powell. This decision follows allegations of insider trading related to Powell's personal investments. The investigation's closure removes a significant cloud of uncertainty surrounding the Fed Chair's position and potential future actions.
The Department of Justice (DOJ) has officially closed its criminal investigation into Federal Reserve Chair Jay Powell. This probe was initiated due to concerns regarding potential insider trading activities connected to Powell's personal financial dealings. The outcome signifies that the DOJ found no grounds for criminal charges against Powell in relation to these matters. This development is a crucial point, as it alleviates the intense scrutiny and potential political fallout that such an investigation could have entailed for the Federal Reserve and its leadership. The closure of the criminal aspect of the inquiry means Powell can continue his duties without the immediate threat of legal repercussions from this specific investigation. This allows the Federal Reserve to focus on its monetary policy objectives and economic stability without the distraction of this unresolved legal matter hanging over its chair. The market and political landscape often react to such investigations, and their conclusion provides a degree of clarity.
