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U.S. Attorney May Reopen Fed Probe; Warsh Approved as Powell Successor

5/4/2026

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Pirro Reopens Probe
  • U.S. Attorney Jeanine Pirro may reopen a probe of Federal Reserve (Fed) Chair Jerome Powell if the Inspector General finds wrongdoing.
  • The probe, launched in January after Judge James Boasberg blocked subpoenas, rests on the Inspector General’s review of Fed renovation cost overruns.
  • The Senate Banking Committee approved President Donald Trump’s nominee Kevin Warsh to replace Jerome Powell.
  • Senator Thom Tillis said no crime occurred and welcomed the pause.
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