DOJ Drops Powell Probe, Clearing Path for Trump Nominee

The Department of Justice (DOJ) has dropped its criminal investigation into Federal Reserve Chair Jerome Powell. The decision was announced by District of Columbia's top federal prosecutor, Jeanine Pirro. This development is considered significant because it removes a major obstacle related to potential leadership changes at the Federal Reserve. The news followed the Federal Open Market Committee meeting held on October 29, 2025. The clearance is particularly noted for its impact on President Donald Trump's potential nomination of Kevin Warsh to replace Powell.

The Department of Justice (DOJ) has officially dropped its criminal investigation into Federal Reserve Chair Jerome Powell, a development that removes a significant obstacle for potential presidential nominations. This decision was announced by the top federal prosecutor in the District of Columbia following a recent Federal Open Market Committee meeting.

Investigation Status Update

The DOJ formally announced the decision to abandon the criminal probe targeting Fed Chair Jerome Powell. This announcement was made by Jeanine Pirro, the leading federal prosecutor in the District of Columbia, and was shared via X.

Political Implications

The termination of the investigation is viewed as a major development with direct political ramifications. Specifically, it is noted that this action removes a significant hurdle concerning President Donald Trump's potential nomination of Kevin Warsh to succeed Powell.

Context

The announcement followed the Federal Reserve's Federal Open Market Committee meeting, which took place on October 29, 2025, in Washington, D.C. During this period, Fed Chair Jerome Powell addressed the media following the committee's proceedings.