Jay Powell

The US Department of Justice has declined to reopen an investigation into Jay Powell, the former chair of the Federal Reserve. The decision closes the door on renewed scrutiny of the former central bank chief. Observers are watching closely given the political sensitivities surrounding the Fed and its relationship with the Trump administration.

The US Department of Justice has declined to reopen an investigation into former Federal Reserve chair Jay Powell, according to The Guardian. The decision closes off a renewed legal push against the former central bank chief, who led the Fed through the pandemic-era stimulus programme and interest rate hikes. No further details about the original inquiry or the reasons for declining have been reported.

The US Department of Justice has declined to reopen an investigation into Jerome Powell, the former chair of the Federal Reserve. The decision, reported by the Guardian and attributed to deputy attorney general Todd Blanche, closes off a push tied to the Trump administration to revisit scrutiny of Powell, whose leadership of the central bank repeatedly put him at odds with the White House over interest rate policy.

The US justice department has decided not to reopen a criminal investigation into Federal Reserve chair Jay Powell, the Financial Times reports. The move removes a legal overhang from the central bank's leadership. The decision is drawing attention given ongoing political pressure on the Fed and scrutiny of its leadership.