Trump Administration Abruptly Ends Investigation into Federal Reserve Governor
‘Closed’: Trump’s huge backflip on foe
NewsImage: News
The U.S. Department of Justice has unexpectedly closed a criminal investigation into Jerome Powell, the governor of the Federal Reserve, a move seen as a significant shift for President Donald Trump. Critics argue that this does not signal the end of Trump's influence over the Federal Reserve, especially as Powell's term nears its end.
- 01The U.S. Justice Department has ended its investigation into Jerome Powell, the Federal Reserve governor.
- 02This decision is perceived as a major reversal for President Trump, who has been critical of Powell's policies.
- 03The investigation was criticized by both Republicans and Democrats, highlighting concerns over the independence of the Federal Reserve.
- 04Trump has nominated Kevin Warsh to replace Powell, pending Senate approval.
- 05Critics warn that Trump's influence over the Federal Reserve is far from over.
Advertisement
In-Article Ad
In a surprising move, the U.S. Department of Justice announced the closure of a criminal investigation into Jerome Powell, the governor of the Federal Reserve, which had been viewed as an attempt by President Donald Trump to exert pressure on the central bank. The inquiry focused on cost overruns at the Federal Reserve's headquarters and faced criticism from both sides of the political aisle. Former Fox News host Jeanine Pirro, now the U.S. Attorney for Washington D.C., stated that the investigation would be replaced by a review from the Inspector General of the Federal Reserve. Legal experts had expressed skepticism about the validity of the case against Powell, while some Republicans were uncomfortable with the investigation's implications for the Federal Reserve's independence. As Powell's term is set to end next month, Trump has nominated Kevin Warsh as his successor, though his confirmation is uncertain due to the prior investigation. Critics, including Democratic Senator Elizabeth Warren, argue that Trump's efforts to influence the Federal Reserve are ongoing.
Advertisement
In-Article Ad
The closure of the investigation may impact the Federal Reserve's operations and decision-making, particularly regarding interest rates, which affect the broader economy.
Advertisement
In-Article Ad
Reader Poll
Do you believe the Federal Reserve should remain independent from presidential influence?
Connecting to poll...
More about U.S. Department of Justice

Trump Administration Initiates Denaturalization Cases Against Foreign-Born Citizens
The Guardian • Apr 24, 2026
Trump Administration's Policy Shift Boosts Cannabis Industry in the U.S.
The Economic Times • Apr 23, 2026

John Gotti's Grandson Sentenced to Prison for $1.1 Million COVID Fraud
Coindesk • Apr 22, 2026
Read the original article
Visit the source for the complete story.



