DOJ drops criminal probe into Fed chair Jerome Powell
The Department of Justice said Friday it will drop a criminal probe into Federal Reserve chair Jerome Powell, a sharp pivot in an unprecedented investigation into the nation’s top central banker. Why it matters: It opens the path for President Trump’s pick to lead the Fed, Kevin Warsh, to be confirmed to the post after a standoff with Sen. Thom Tillis (R-N.C.), who blocked…
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K-shaped economy is real, per New York Fed research
Kevin Warsh’s challenges become clear after Fed chair Powell’s last hurrah
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