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Trump contradicts DOJ, says Powell probe 'not dropped'

financeApr 25, 2026131,127

President Trump told reporters 'it's not dropped,' contradicting the Justice Department's announcement that it had ended its criminal investigation into Federal Reserve Chair Jerome Powell. The Justice Department said it dropped the criminal probe into Powell, a move that clears the way for Kevin Warsh to become the next Federal Reserve chair. Trump's public contradiction injects political uncertainty into the Fed leadership transition and could complicate Warsh's confirmation and the perception of DOJ independence.

The Bulwark
@thebulwark.com

Q: "Do you agree with the decision by Jeanine Pirro to drop the investigation into Jerome Powell?" Trump: "It's not dropped. They're looking into the whole thing."

36045d ago
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