The move paves the way for the Senate to confirm Kevin Warsh, the president's nominee to head the central bank.

The Justice Deparment has ended its probe into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of his successor, Kevin Warsh

U.S. Attorney Jeanine Pirro announced Friday that the Justice Department is dropping the investigation into Federal Reserve Chairman Jerome Powell.

The Department of Justice will drop its probe into Federal Reserve Chair Jerome Powell, US Attorney Jeanine Pirro announced Friday. She said the Inspector General for the Fed has been asked to "scrutinize the building costs overruns — in the billions of dollars — that have been borne by taxpayers,

The US justice department is dropping its investigation into the Federal Reserve chairman, Jerome Powell, over alleged building cost overruns. US Attorney Jeanine Pirro said that instead there would be an internal investigation led by the central bank's inspector general.

US Attorney for DC Jeanine Pirro said Friday she is closing the criminal probe of Federal Reserve Chair Jerome Powell.

The wind-down of the investigation of the Fed chair could end an impasse that threatened to delay a leadership transition.

KEY TAKEAWAYS Federal prosecutors have closed their investigation into Federal Reserve Chair Jerome Powell.The investigation's closure could ease the confirmation process for Kevin Warsh, President Trump's nominee to replace Powell.