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The U.S. Department of Justice is expected to conclude its criminal investigation of Powell as early as Friday.
BlockBeats News, April 24 — Multiple sources familiar with the matter have revealed that the U.S. Department of Justice is expected to conclude its criminal investigation into Federal Reserve Chair Jerome Powell as early as Friday, potentially ending the deadlock that could delay Wosh’s appointment. The sources said that senior DOJ officials recently contacted several senators, including Senate Banking Committee member Republican Senator Tom Tillis, to inform them of plans to abandon the investigation into cost overruns related to the renovation of the Federal Reserve’s Washington headquarters, and to hand the matter over to internal regulators at the Fed. Powell’s term will end next month, but he stated in March that he would stay on until the Trump-nominated candidate for Fed Chair, Wosh, is confirmed.
According to PolyBeats monitoring, the probability of “Trump terminating the investigation into Powell” on the prediction market Polymarket has surged rapidly, with the likelihood of the investigation ending before the end of this month rising from 17% to 85%.