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End of Justice Department's Powell probe could clear way for Kevin Warsh's confirmation as Fed chair

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April 24, 2026

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The Justice Department has dropped its criminal investigation into outgoing Federal Reserve Chair Jerome Powell over the central bank's renovation. The move clears a key hurdle for President Trump's pick to replace Powell, Kevin Warsh. CBS News congressional correspondent Nikole Killion reports.

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End of Justice Department's Powell probe could clear way for Kevin Warsh's confirmation as Fed chair · CBS News · Sentinel