US justice department drops criminal investigation against Jerome Powell

Move will remove obstacle for confirmation of Kevin Warsh, Trump’s pick to replace Powell as Federal Reserve chairSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Department of Justice is dropping its criminal investigation against Federal Reserve chair Jerome Powell, clearing the path for Donald Trump’s new nominee for chair to be confirmed.Jeanine Pirro, Trump’s appointed US attorney for the District of Columbia, said in a social media post that she directed her office to close its investigation into renovations at the Fed headquarters that went over budget. Continue reading...