The U.S. Department of Justice has decided to terminate its investigation into Federal Reserve Chair Jerome Powell, shifting to an internal review by the Federal Reserve Inspector General regarding the costs of renovating the headquarters. Previously, the investigation was viewed as a major obstacle to Trump’s nomination of Kevin Warsh to succeed Powell as Fed Chair, and Republican Senator Tillis had cited it as a reason to block the confirmation process. The White House said that this move will help speed up the appointment process and emphasized that it will continue to investigate the Fed’s financial management issues. (CNBC)

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