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DOJ Drops Powell Probe, Warsh Confirmation Moves Forward

4/28/2026

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Summary

Story summary

DOJ dropped its probe of Fed Chair Jerome Powell over renovation costs on Friday, easing Fed Governor Christopher Warsh’s confirmation.
Senator Thom Tillis will support Warsh’s nomination after the DOJ assurance, opening a May confirmation path.
The Federal Reserve will hold its rate at 3.5%-3.75% on April 27, 2026, after March CPI rose 3.3% YoY, while Brent crude has risen 50% since the Iran-U.S. war began, raising inflation risk.

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Story summary

DOJ dropped its probe of Fed Chair Jerome Powell over renovation costs on Friday, easing Fed Governor Christopher Warsh’s confirmation.
Senator Thom Tillis will support Warsh’s nomination after the DOJ assurance, opening a May confirmation path.
The Federal Reserve will hold its rate at 3.5%-3.75% on April 27, 2026, after March CPI rose 3.3% YoY, while Brent crude has risen 50% since the Iran-U.S. war began, raising inflation risk.