DOJ Drops Powell Probe

Summary

The video covers the DOJ's decision to end its criminal investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh's confirmation. Reporters discuss the political dynamics, the role of US Attorney Janine Pirro, and Powell's potential next steps. The panel also reflects on Powell's legacy during his turbulent tenure.

• DOJ drops criminal investigation into Jerome Powell.
• Move seen as off-ramp to facilitate Kevin Warsh's Fed chair confirmation.
• Senator Tom Tillis's holdout was key obstacle; his response remains uncertain.
• US Attorney Janine Pirro resisted but was leaned on to drop the probe.
• Inspector general investigation continues; DOJ reserves right to reopen.
• Powell's term as chair ends mid-May; he could stay as governor until 2028.
• Powell has not indicated if he will leave after investigation ends.
• Panel assesses Powell's mixed legacy: pandemic response vs. slow inflation reaction.