DOJ Ends Investigation Into Fed Chair Powell After Republican Backlash
Source: The New Republic · Bias: Left
Summary
President Donald Trump is backing down from his vendetta against Jerome Powell.The Justice Department announced Friday that it is dropping its criminal investigation into the Federal Reserve chief over the renovation of the central bank’s Washington, D.C., headquarters.“This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns—in the billions of dollars—that have been borne by taxpayers,” U.S. Attorney for D.C. Jeanine Pirro posted on X. “Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry.”“I will not hesitate to restart a criminal investigation should the facts warrant doing so,” Pirro added, appearing to suggest that there was not a factual basis for the previous investigation.Powell’s term expires on May 15, and Trump’s nomination of Kevin Warsh to fill the position has faced roadblocks, with Republican Senator Thom Tillis threatening to hold up Warsh’s confirmation over the trumped-up investigation of Powell. Tillis’s vote against Warsh would have been enough to sink his nomination.Trump has threatened to fire Powell for months, citing the made-up headquarters scandal and complaining about interest rates not being lowered enough. Earlier this month, Trump said he would fire Powell if he stayed past his term, even though Powell is legally allowed to remain as chair “pro tempore” until Congress confirms his replacement.At his Senate confirmation hearings earlier this week, Warsh dodged questions about his financial ties to Jeffrey Epstein and whether Trump had discussed lowering interest rates with him. While a significant roadblock to his confirmation has just been lifted, those questions could still deter his appointment. This story has been updated.
Related Coverage
- Melania gives Congress private deadline as she works around Trump's team: report (Far Left — Raw Story)
- Trump announces pardons for pollution violators prosecuted for "fixing their car" (Center — Politics - CBSNews.com)
- Trump Pardons Six People Pursued for ‘Fixing Their Car’ (Center — Bloomberg Politics)
- Sources: Trump likely to pardon pollution violators; weighing clemency for Diddy (Center — Politics - CBSNews.com)
- Fox host warns Trump will pay for his 'breathtaking' corruption (Left — Alternet.org)
- Trump Scores Appeals Court Victory in Battle Over National Park Historical Displays (Right — RedState)
- Signs of Victory: I-95 Welcomes President Donald Trump Int'l Airport (Right — RedState)
- Trump’s ‘ramped up’ rhetoric leaves unifying tone of July Fourth speech in question (Center Left — NBC News Politics)
Daily Analysis
Read the full Parallax Pulse for April 24, 2026 — an AI-powered analysis of how Left and Right media covered the biggest stories this day.
More Headlines From April 24, 2026
- Justice Department Calls for Expansion of Federal Death Penalty (Center)
- After 2 failed votes, Mike Johnson unveils new plan to extend key U.S. spy powers (Center)
- Bolton lambasts US-Iran peace talks: ‘Nowhere close to a deal’ (Center)
- DOJ Drops Fed Probe, Clearing Way for Warsh | Balance of Power: Early Edition 4/24/2026 (Center)
- Trump Talks Up Iran Blockade as Israel-Lebanon Truce Extended (Center)





