Justice Department Will End Probe of Powell, Clearing Path for Kevin Warsh -- WSJ

Dow Jones04-24 22:24

By Nick Timiraos

WASHINGTON -- The Justice Department said it would end its criminal investigation of Federal Reserve Chair Jerome Powell, clearing the obstacle that has stalled Kevin Warsh's confirmation as his successor.

U.S. Attorney Jeanine Pirro announced the move Friday, saying her office is closing an inquiry into Powell's testimony to Congress about cost overruns on the renovation of two historic Fed buildings. A federal judge had already ruled the grand jury subpoenas served on the Fed in January were improper and found "essentially zero evidence" of criminal wrongdoing.

Pirro said in a post on X that she closed the probe after asking the Fed's inspector general to scrutinize the matter.

"I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas," Pirro said.

Write to Nick Timiraos at Nick.Timiraos@wsj.com

(END) Dow Jones Newswires

April 24, 2026 10:24 ET (14:24 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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