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Justice Department drops criminal probe of Fed chair Powell, likely clearing way for successor

Apr 24, 2026, 7:28 AM | Updated: 8:12 am

Federal Reserve Board Chairman Jerome Powell leaves after the International Monetary and Financial ...

Federal Reserve Board Chairman Jerome Powell leaves after the International Monetary and Financial Committee (IMFC) meeting during the World Bank/IMF spring meetings at the IMF headquarters in Washington, Friday, April 17, 2026. (AP Photo/Jose Luis Magana)
Credit: ASSOCIATED PRESS

(AP Photo/Jose Luis Magana)

WASHINGTON (AP) — The Justice Department has dropped its criminal probe of Federal Reserve chair Jerome Powell, likely clearing the way for his successor’s confirmation.

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Justice Department drops criminal probe of Fed chair Powell, likely clearing way for successor