DOJ Drops Criminal Probe Into Federal Reserve Chair Jerome Powell

The Department of Justice has closed its criminal investigation into Federal Reserve Chairman Jerome Powell. The decision was made after a review of the evidence by the DOJ’s Office of Special Counsel.

According to reports, the investigation was launched in 2022 and focused on potential wrongdoing related to Powell’s actions as Fed Chair. However, the DOJ has now determined that there is insufficient evidence to support a criminal case against Powell.

The news comes amid ongoing controversy over the Federal Reserve’s independence and its role in monetary policy. Some have raised concerns about the potential for political interference in the Fed’s decision-making process.

In related news, Senator Ted Cruz had previously announced plans to launch an investigation into the Federal Reserve’s actions under Powell’s leadership. However, it appears that this effort may be unnecessary given the DOJ’s decision to close its own investigation.

The Department of Justice has declined to comment further on the matter, citing the ongoing nature of the investigation and the need for confidentiality.

Source: Google News World