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The Latest Breaking News from Jerome Powell

Justice Department finally admits defeat in bogus probe of Fed Chair Powell, but the real scandal is who’s replacing him

The Department of Justice (DOJ) has officially dropped its criminal probe into Federal Reserve Chair Jerome Powell, a move that paves the way for Kevin Warsh to take over as the next Fed chair. The announcement came on April 24, 2026, when US Attorney for the District of Columbia Jeannine…

The Mary Sue

Fed Expected To Keep Rates Unchanged Ahead Of Potential Leadership Change

The Federal Reserve is expected to keep interest rates unchanged after its meeting end on Wednesday, according to a new report.

International Business Times

Kevin Warsh Has Been Labeled a ‘Sock Puppet.’ A Potential Federal Reserve ‘Shadow Chair’ Is a Much Greater Threat for Investors.

Federal Reserve Chair Jerome Powell has hinted that he may break precedent and stay on as a Fed governor.

Barchart

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Nasdaq Futures Plunge as AI Concerns Resurface, FOMC Meeting and Earnings in Focus

June Nasdaq 100 E-Mini futures (NQM26) are trending down -1.24% this morning as concerns resurfaced over whether the massive amounts of investment in AI will ultimately pay off.

Barchart

April Fed Meeting: Updates and Commentary

The April Fed meeting was Jerome Powell's last as chair of the central bank, but he's not leaving the central bank just yet.

Kiplinger

Nasdaq Notches Another New All-Time High: Stock Market Today

Two of the three main U.S. equity indexes hit new all-time highs at the start of a big week for earnings and interest rates.

Kiplinger

By Dropping Her Criminal Probe of Jerome Powell, Jeanine Pirro Confirms Its Political Motivation

Even Republican critics of the Federal Reserve chairman's performance rejected the notion that he had broken the law by lying about the renovation of the central bank's headquarters.

Reason

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Only Half Of Economists Believe Kevin Warsh Would Be An Independent Fed Chair: Poll

Only half of Americans believe Kevin Warsh would maintain the Federal Reserve's independence should he be confirmed as chair, according to a new poll.

International Business Times

GOP Sen. Says He Won't Block Nomination Of Kevin Warsh As Fed Chair After DOJ Drops Investigation Of Jerome Powell

Republican Senator Thom Tillis said he will support Kevin Warsh's nomination as Federal Reserve chair, paving the way for his confirmation.

International Business Times

Stocks Set for Muted Open as Investors Await Big Tech Earnings and Fed Meeting; Middle East Developments in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.09%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.06% this morning as investors refrain from making big bets at the start of a busy week featuring earnings from major tech names, the Federal Reserve’s interest rate decision, and a raft…

Barchart

This week: King Charles to address Congress amid a packed legislative agenda

In a more normal week, a reauthorization of surveillance powers, a budget resolution or the farm bill might take center stage on the House floor. This week, the House is scheduled to do all that as well as host a joint meeting of Congress to hear from King Charles III.…

Roll Call

Key US senator lifts block on Fed chair nominee Kevin Warsh

The Republican senator who had effectively blocked confirmation of President Donald Trump’s pick to lead the Federal Reserve said on Sunday he was dropping his opposition after the Department of Justice ended its investigation of the current central bank chair.

Euronews

GOP thorn in Trump’s side says he’ll confirm Fed pick Warsh despite threat of Powell probe still looming

DoJ’s decision to end ‘bogus’ probe vindicated Thom Tillis, who had power to hold up the nomination of Trump’s preferred candidate indefinitely

The Independent UK

Tillis will support Warsh, clearing way for Trump's Fed pick

"It is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission."

Axios

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The Guardian - US

Todd Blanche wants to be attorney general – and he’s going all in on Trump’s retaliation agenda to prove it

Trump’s former personal attorney has left little doubt to how he’d further politicize the justice department if his status becomes permanent

The Times of India

US justice dept closes criminal investigation into Fed chief Jerome Powell, clearing hurdle for Trump nominee Kevin Warsh

The Justice Department has closed its investigation into Federal Reserve Chair Jerome Powell regarding headquarters renovation cost overruns. This move removes a hurdle for Kevin Warsh's confirmation as Fed chair. The probe's closure allows scrutiny to continue through the Inspector General's office, with potential for criminal investigation restart if warranted.

The Guardian - US

Trump news at a glance: as president’s relations with Nato fray, EU leaders explore their options

Brussels officials will draw up a plan on how to use the EU’s little-known mutual assistance pact in the event of a foreign attack

Kiplinger

Nasdaq, S&P 500 Reach New All-Time Highs: Stock Market Today

The leader of the AI revolution helped carry two of the three main U.S. equity indexes to new highs heading into the weekend.

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The Independent UK

Why Trump’s DOJ decided to drop the criminal case against Fed Chair Jerome Powell

IN FULL

The Guardian - US

US justice department drops criminal investigation against Jerome Powell

Move will remove obstacle for confirmation of Kevin Warsh, Trump’s pick to replace Powell as Federal Reserve chair

International Business Times

DOJ Drops Criminal Investigation Of Jerome Powell, Potentially Paving Way For Confirmation Of Kevin Warsh

The Department of Justice dropped on Friday its criminal investigation of Federal Reserve Chair Jerome Powell, federal prosecutor Jeanine Pirro announced.

Fortune

Pirro drops Powell probe, handing Kevin Warsh a lifeline, though U.S. attorney vows to restart probe ‘should the facts warrant doing so’

It’s unclear whether or not Powell will choose to stay on the board.

The Independent UK

Trump’s DOJ drops case against Jerome Powell to clear the way for Kevin Warsh as Fed chair

Trump’s pick to lead the Fed was blocked by a key Senate Republican unless prosecutors agreed to back off the case

Axios

DOJ drops criminal probe into Fed chair Jerome Powell

The move paves the way for Kevin Warsh to succeed Powell as the next head of the Federal Reserve.

Euronews

ECB interest rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

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