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DoJ declines to reopen investigation into Jay Powell

Original: DoJ declines to reopen investigation into former Fed chair Jay Powell https://www. theguardian.com/business/2026/ oct/02

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.

Why now: The decision ends a politically charged effort to investigate the former Fed chair amid ongoing tensions between the Trump administration and the Federal Reserve.

Jay PowellDepartment of JusticeFederal ReserveTodd BlancheDonald Trump

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