DOJ closes criminal probe of Fed Chair Powell without charges

The Department of Justice closed its criminal investigation of Federal Reserve Chairman Jerome Powell on April 24, 2026, with U.S. Attorney Jeanine Pirro announcing no charges would be filed over the Fed's $2.5 billion headquarters renovation. The closure came after Judge James Boasberg ruled prosecutors had produced "essentially zero evidence" of a crime and quashed the grand jury subpoenas. The timing coincided with tariff-driven market turmoil that required Fed cooperation and cleared the path for Senate confirmation of Trump nominee Kevin Warsh as Powell's replacement.