The US Justice Department has terminated its investigation into Federal Reserve chair Jerome Powell. This development removes a significant hurdle for the confirmation of his successor, Kevin Warsh.

The US Justice Department has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh. US Attorney for the District of Columbia Jeannine Pirro said on X on Friday that her office was ending its probe into the Fed’s extensive building renovations because the Fed’s inspector general would scrutinise them instead. The decision ends an investigation, one of several undertaken by the Justice Department into President...