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Attorney general will not reopen probe of Jerome Powell

Original: Attorney general says he won't reopen investigation of former Fed Chair Jerome Powell

The US attorney general has announced that the Justice Department will not reopen an investigation into former Federal Reserve Chair Jerome Powell. The decision closes the door on renewed scrutiny of the former central bank chief, who led the Fed through a period of aggressive interest rate hikes and drew repeated criticism from President Trump. The announcement ends, for now, speculation about fresh legal action against Powell.

Why now: The decision resolves recent speculation about possible legal action against Powell, who has been a frequent target of political criticism.

Jerome PowellUS Department of JusticeFederal Reserve

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