Department of Justice to close criminal investigation into Fed's Powell
CNBC
Last updated: April 25, 2026
The Department of Justice (DOJ) has concluded its criminal investigation into Federal Reserve Chair Jay Powell. This investigation was reportedly related to allegations of potential insider trading. The closure of the investigation signals no charges will be filed against Powell.
- The DOJ's decision to close the criminal probe into Jay Powell, the head of the U.S. central bank, means that no criminal charges will be brought against him. Reports indicated the investigation was looking into allegations of potential insider trading. This outcome suggests the Justice Department found insufficient evidence to pursue a criminal case. The Federal Reserve is a key institution in the U.S. economy, responsible for monetary policy. Powell's position is critical to financial markets and economic stability. The closure of this investigation removes a cloud of uncertainty surrounding his leadership and the Fed. This development is significant as it pertains to the highest levels of U.S. financial governance and upholds Powell's current standing in his role.
