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    US justice department drops probe into Fed chairman Jerome Powell

    President Donald Trump had accused Powell of improper cost overruns in renovating the Fed’s building.

    • admin
    • April 24, 2026
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    Powell’s term is nearing its end and the US Senate is currently considering Trump’s nominee for his replacement, Kevin Warsh. A key Republican, Thom Tillis, had withheld his support for the nomination unless the Trump administration dropped its investigation.

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