Trending Now - DOJ Ends Criminal Inquiry Into Fed Chair Jerome Powell

WHO:

CBS News - U.S. Attorney Jeanine Pirro stated that the Federal Reserve's inspector general will investigate cost overruns in the project to renovate the central bank's headquarters.

NBC News - Republican Senator Thom Tillis, a key member of the Senate Banking Committee, has been blocking a vote for Warsh because of the probe.

NBC News - U.S. Attorney Jeanine Pirro announced the closure of the criminal investigation into Jerome Powell.

Bloomberg Markets - Michael McKee reported that the Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve.

Bloomberg Markets - Kevin Warsh, President Trump's nominee to succeed Jerome Powell, is expected to be confirmed as Fed Chair following the closure of the investigation.

CNBC - Kush Desai, White House spokesman, stated that the Office of the Inspector General has more powerful authorities to investigate the Federal Reserve's fiscal management.

NBC News - U.S. Attorney Jeanine Pirro stated that the investigation was closed to allow for the confirmation of Kevin Warsh.

CNBC - White House spokesman Kush Desai stated that the Office of the Inspector General has more powerful authorities to investigate the Federal Reserve's fiscal management.

ABC News - Sources indicated that the DOJ is expected to drop its criminal investigation into Jerome Powell as soon as April 24th, 2026.

NBC News - U.S. Attorney Jeanine Pirro stated that the investigation was closed to allow for the confirmation of Kevin Warsh.

NBC News - U.S. Attorney Jeanine Pirro stated that she would close the investigation as the inspector general undertakes its inquiry.

Bloomberg Markets - Michael McKee reported that the Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve.

NBC News - U.S. Attorney Jeanine Pirro announced the closure of the criminal probe.

CNBC - White House spokesman Kush Desai stated that the Office of the Inspector General has more powerful authorities to investigate the Federal Reserve's fiscal management.

CNN - Jerome Powell, Federal Reserve Chair; Kevin Warsh, Trump's nominee to succeed Powell; Jeanine Pirro, U.S. Attorney for Washington, D.C.; Thom Tillis, Republican Senator from North Carolina.

ABC News - Sources within the Department of Justice.

NBC News - The Justice Department.

IJR - Jeanine Pirro, U.S. Attorney.

Bloomberg Markets - Michael McKee, Bloomberg reporter.

CNBC - Kush Desai, White House spokesman; Tim Scott, Senate Banking Committee Chairman.

WHAT:

CNN - The DOJ's investigation was launched in January 2026 after Trump publicly criticized Powell for not lowering interest rates.

Bloomberg Markets - The investigation was related to building-renovation cost overruns at the Federal Reserve, which were described as potentially in the billions.

CNN - The Department of Justice launched a criminal investigation into Powell in January 2026 after Trump publicly criticized him for not lowering interest rates.

NBC News - Republican Senator Thom Tillis stated he would vote to confirm Kevin Warsh once the investigation was closed.

NBC News - The DOJ's decision to drop the investigation clears the way for Kevin Warsh's confirmation as Fed Chair.

Bloomberg Markets - The investigation was related to building-renovation cost overruns at the Federal Reserve, which were described as potentially in the billions.

NBC News - The DOJ's decision clears the way for Kevin Warsh's confirmation as Fed Chair.

CNBC - Jeanine Pirro indicated that the inspector general has the authority to hold the Federal Reserve accountable to American taxpayers.

CNN - A federal prosecutor in Washington, D.C., informed a judge last month that there was no evidence of any crimes related to Powell.

Alternet - Jeanine Pirro has been described as having "surrendered" in her handling of the investigation, with no evidence of criminal wrongdoing found.

CBS News - The Federal Reserve's inspector general will investigate cost overruns in the project to renovate the central bank's headquarters.

CNBC - Jeanine Pirro indicated that the inspector general has the authority to hold the Federal Reserve accountable to American taxpayers.

CNN - Jeanine Pirro stated, "I will not hesitate to restart a criminal investigation should the facts warrant doing so."

Bloomberg Markets - The Federal Reserve's inspector general is actively working to complete an evaluation of the Board's building renovation project.

CNN - The Department of Justice is closing its criminal investigation into Jerome Powell.

ABC News - The DOJ is expected to drop its criminal investigation into Powell.

CBS News - The Federal Reserve's inspector general will investigate cost overruns related to the renovation of the Fed's headquarters.

NBC News - The DOJ's decision clears the way for Kevin Warsh's confirmation as Fed Chair.

IJR - Jeanine Pirro stated she would restart the investigation if warranted.

Bloomberg Markets - The investigation was related to building-renovation cost overruns at the Federal Reserve.

WHERE:

CNN - Washington, D.C., where the investigation was conducted and where the Federal Reserve is located.

WHEN:

NBC News - The announcement to close the investigation was made on Friday, April 24th, 2026.

CNBC - Powell requested the inspector general's review in July 2025.

CNN - The criminal investigation was launched in January 2026.

NBC News - The announcement to close the investigation was made on Friday, April 24th, 2026.

CNBC - The inspector general conducted an audit in 2021 to assess the Fed Board's renovation project planning and management.

NBC News - The announcement to close the investigation was made on Friday, April 24th, 2026.

Bloomberg Markets - The DOJ's investigation was launched in January 2026, and the decision to drop it was made on April 24th, 2026.

CNN - The announcement to close the investigation was made on Friday, April 24th, 2026.

CNBC - The inspector general conducted an audit in 2021 to assess the Fed Board's renovation project planning and management.

CNN - The criminal investigation was launched in January 2026.

CNN - The announcement to close the investigation was made on Friday, April 24, 2026.

CNBC - Powell requested the inspector general's review in July 2025.

WHY:

NBC News - The investigation was seen as a means to pressure Powell to lower interest rates as Trump desired.

CNBC - Senator Tim Scott suggested that the Banking panel could collaborate with the House Financial Services Committee to create a permanent oversight committee for construction projects.

NBC News - The investigation was seen as a means to pressure Powell to lower interest rates as Trump desired.

CNBC - Senator Tim Scott suggested that the Banking panel could collaborate with the House Financial Services Committee to create a permanent oversight committee for construction projects.

Bloomberg Markets - Senator Thom Tillis stated he would vote to confirm Kevin Warsh once the probe ended.

CNBC - Senator Tim Scott suggested that the Banking panel could work with the House Financial Services Committee to establish a committee for permanent oversight of construction projects.

CNN - Trump accused Powell of impropriety and incompetence regarding cost overruns in a $2.5 billion renovation project.

NBC News - The investigation was seen as a means to pressure Powell to lower interest rates as Trump desired.

HOW:

CNBC - Jeanine Pirro stated, "I expect a comprehensive report in short order and am confident the outcome will assist in resolving... the questions that led this office to issue subpoenas."

CNBC - The inspector general is actively working to complete an evaluation of the Board's building renovation project and will report findings to the public and Congress when it is done.

CNBC - Jeanine Pirro stated, "I expect a comprehensive report in short order and am confident the outcome will assist in resolving... the questions that led this office to issue subpoenas."

CNBC - The inspector general is actively working to complete an evaluation of the Board's building renovation project and will report findings to the public and Congress when it is done.

CNBC - Senator Tim Scott indicated that findings about the renovation could be made publicly available after the inspector general's review is complete.

CNN - The DOJ's investigation was prompted by Trump's public complaints about Powell's performance and the Fed's actions.

CNBC - The inspector general is conducting an evaluation of the renovation project and will report findings to the public and Congress.

(UPDATED April 25, 2026 15:09 UTC)

U.S. Attorney Jeanine Pirro announced that the Federal Reserve's inspector general will investigate significant cost overruns related to the renovation of the central bank's headquarters, with estimates potentially reaching billions. This investigation, which was launched in January 20th26 after Trump criticized Federal Reserve Chair Jerome Powell for not lowering interest rates, has been met with resistance from Republican Senator Thom Tillis, who is blocking a vote for a key nominee due to the probe. Pirro expressed confidence that a comprehensive report will be released soon, which she believes will help clarify the issues that prompted the issuance of subpoenas.

(UPDATED April 25, 2026 11:09 UTC)

The Department of Justice has officially closed its criminal investigation into Jerome Powell, which was launched in January after President Trump criticized him for not lowering interest rates. U.S. Attorney Jeanine Pirro announced the closure on Friday, and Republican Senator Thom Tillis indicated he would support the confirmation of Kevin Warsh now that the investigation has concluded. Pirro expressed confidence that a comprehensive report will soon clarify the issues that prompted the investigation.

(UPDATED April 25, 2026 05:32 UTC)

Kevin Warsh, President Trump's nominee to succeed Jerome Powell, is expected to be confirmed as Fed Chair following the closure of an investigation into cost overruns related to the Federal Reserve's renovation projects, which were potentially in the billions. The Department of Justice announced on Friday that it would drop the investigation, clearing the way for Warsh's confirmation, while White House spokesman Kush Desai noted that the Office of the Inspector General now has enhanced authority to investigate the Fed's fiscal management. Senator Tim Scott has suggested that the Banking panel could work with the House Financial Services Committee to establish a permanent oversight committee for construction projects, as the investigation was perceived as a means to pressure Powell to lower interest rates in line with Trump's wishes.

(UPDATED April 25, 2026 01:20 UTC)

The Department of Justice has closed its investigation, paving the way for Kevin Warsh's confirmation as Chair of the Federal Reserve, according to U.S. Attorney Jeanine Pirro. White House spokesman Kush Desai added that the Office of the Inspector General now has enhanced authority to ensure the Federal Reserve is accountable to American taxpayers, particularly as it evaluates the Board's building renovation project. This investigation was previously viewed as a tactic to pressure Jerome Powell to lower interest rates, aligning with President Trump's wishes.

(UPDATED April 24, 2026 23:09 UTC)

The Department of Justice is expected to drop its criminal investigation into Jerome Powell as soon as on Friday, following a statement from U.S. Attorney Jeanine Pirro that the investigation was closed to facilitate the confirmation of Kevin Warsh. A federal prosecutor in Washington, D.C., previously informed a judge that there was no evidence of any crimes related to Powell, leading to claims that Pirro had "surrendered" in her handling of the case. Pirro expressed confidence that a comprehensive report would soon be available to address the questions that prompted the subpoenas issued by her office.

(UPDATED April 24, 2026 21:12 UTC)

on Friday, U.S. Attorney Jeanine Pirro announced the closure of a controversial investigation into cost overruns related to the Federal Reserve's renovation project, as the inspector general prepares to take over the inquiry. The inspector general will evaluate the renovation costs and is expected to hold the Federal Reserve accountable to American taxpayers, with findings to be reported to the public and Congress. Senator Thom Tillis has indicated he will vote to confirm Kevin Warsh once the investigation concludes.

(UPDATED April 24, 2026 19:16 UTC)

U.S. Attorney Jeanine Pirro announced the closure of the criminal investigation into the Federal Reserve, but she emphasized that she would not hesitate to restart it if necessary. Meanwhile, White House spokesman Kush Desai stated that the Office of the Inspector General has enhanced authority to investigate the Fed's fiscal management, with the inspector general currently evaluating the Board's building renovation project. Senator Tim Scott suggested that the Banking panel could collaborate with the House Financial Services Committee to create a permanent oversight committee for construction projects, with findings from the renovation review expected to be made public once completed.

(UPDATED April 24, 2026 17:18 UTC)

The Department of Justice has announced it is closing its criminal investigation into Jerome Powell, the Federal Reserve Chair, which was launched in January 20th26. This decision, made on Friday, clears the way for Kevin Warsh, Trump's nominee to succeed Powell, to move forward with his confirmation. The investigation focused on cost overruns related to a $2.5 billion renovation project at the Federal Reserve, which Trump had publicly criticized, accusing Powell of impropriety and incompetence. Jeanine Pirro, the U.S. Attorney for Washington, D.C., indicated she would restart the investigation if warranted, while the Federal Reserve's inspector general will continue to evaluate the renovation project and report findings to Congress and the public. The DOJ's actions were seen as a response to Trump's complaints about Powell's performance and the Federal Reserve's decisions.