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Justice Department won't reopen probe into Fed Chair Powell

Original: DOJ says it won't reopen probe into Fed's Powell

The US Department of Justice says it will not reopen an investigation into Federal Reserve Chair Jerome Powell, Axios reports. The decision closes the door on renewed scrutiny of the central bank chief, whose leadership of monetary policy has drawn political pressure. Observers see the move as significant for the Fed's independence ahead of ongoing interest rate debates.

Why now: The Fed chair has faced political pressure and speculation about investigations, so the DOJ's refusal to reopen the probe reassures markets and Fed watchers.

Jerome PowellDepartment of JusticeFederal Reserve

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• DOJ says it won't reopen probe into Fed's Powell · Axios

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