April 24, 2026
DOJ drops criminal probe of Federal Reserve Chair Powell
Probe dropped with no charges, Warsh confirmation path cleared
April 24, 2026
Probe dropped with no charges, Warsh confirmation path cleared
On , U.S. Attorney Jeanine Pirro announced the DOJ was dropping its criminal investigation into Federal Reserve Chair
Jerome Powell. One day earlier, a that the office 'didn't have evidence of any crimes.' The investigation examined renovation cost overruns at the Fed's Washington headquarters.
In March 2026, Chief Judge , stating there was . This ruling was a direct rebuke of the investigation's legal basis, yet it continued until Pirro's announcement.
Senator to replace Powell as Fed Chairâexplicitly contingent on the criminal probe being dropped. Once the probe was dropped, the procedural obstacle to Warsh's confirmation was removed.
Pirro stated she "will not hesitate to restart a criminal investigation should the facts warrant doing so," preserving the threat of renewed prosecution. The decision to drop the probeâwithout conviction or acquittalâleaves Powell's legal status ambiguous. Under double jeopardy principles, prosecutors can't retry the same conduct, but Pirro's language suggests political will to pursue Powell if circumstances change. This echoes broader patterns of using DOJ authority as a tool for political leverage.
U.S. Attorney for Washington D.C.
Federal Reserve Chair
Trump's nominee for Federal Reserve Chair
U.S. Senator (R-NC)
U.S. Attorney for the District of Columbia