✉news BusinessBanking first seen 1 h ago, last 5 min ago, peak #6
DoJ declines to reopen investigation into Jay Powell
Original: DoJ declines to reopen investigation into former Fed chair Jay Powell
The US Department of Justice has decided not to reopen an investigation into Jay Powell, the former chair of the Federal Reserve. The decision, reported by the Guardian, closes off the prospect of renewed scrutiny of the central banker, whose tenure drew repeated political criticism. The Justice Department gave no indication of what prompted its refusal, and attention now turns to whether any further legal challenges to Powell will follow.
Why now: People are discussing potential legal and political pressure on the former Fed chair amid ongoing scrutiny of the Federal Reserve.
Jay PowellDepartment of JusticeFederal Reserve
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