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DOJ Ends Powell Probe, Judge Blocks Subpoenas; Warsh Nomination Advances

4/27/2026

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Summary

Story summary

U.S. Attorney Jeanine Pirro said the Justice Department is ending its probe of Fed Chair Jerome Powell and the Fed’s $2.5 billion headquarters renovation.
Sen. Thom Tillis (R-N.C.) will back Kevin Warsh (Fed Board nominee) as the Senate Banking Committee, with 13 Republicans and 11 Democrats, prepares to vote Wednesday.
District Judge James Boasberg blocked grand-jury subpoenas, ruling they were meant to pressure Powell to cut rates or resign.

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Story summary

U.S. Attorney Jeanine Pirro said the Justice Department is ending its probe of Fed Chair Jerome Powell and the Fed’s $2.5 billion headquarters renovation.
Sen. Thom Tillis (R-N.C.) will back Kevin Warsh (Fed Board nominee) as the Senate Banking Committee, with 13 Republicans and 11 Democrats, prepares to vote Wednesday.
District Judge James Boasberg blocked grand-jury subpoenas, ruling they were meant to pressure Powell to cut rates or resign.