Story perspectives

DOJ Ends Powell Probe, Finds No Wrongdoing; Tillis Blocks Warsh

4/25/2026

Summary

Pirro Closes Probe

Jeanine Pirro announced that the Justice Department closed its criminal probe of Fed Chair Jerome Powell.
The inspector general, after reviews of the Federal Reserve (Fed) renovation which rose from $1.9 billion to $2.5 billion, found no wrongdoing.
Chief Judge James Boasberg blocked subpoenas, saying prosecutors presented essentially zero evidence.
Sen. Thom Tillis will oppose Warsh’s confirmation until the probe ends, noting Warsh said President Donald Trump never asked him to set rates.

Summary

Powell Under Fire

The Justice Department sent the headquarters renovation probe to inspector general, ending DOJ pressure on Fed Chair Jerome Powell.
Powell told reporters after the March 18, 2026 FOMC that he is in the weeks of his chairmanship.
Krishna Guha of Evercore ISI warned the DOJ referral may be late to affect Powell’s decision.
President Donald Trump has threatened to fire Powell if he does not leave, raising pressure for extension through January 2028.

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Pirro Closes Probe

Jeanine Pirro announced that the Justice Department closed its criminal probe of Fed Chair Jerome Powell.
The inspector general, after reviews of the Federal Reserve (Fed) renovation which rose from $1.9 billion to $2.5 billion, found no wrongdoing.
Chief Judge James Boasberg blocked subpoenas, saying prosecutors presented essentially zero evidence.
Sen. Thom Tillis will oppose Warsh’s confirmation until the probe ends, noting Warsh said President Donald Trump never asked him to set rates.

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