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Federal prosecutors in the Southern District of New York say the U.S.
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The Justice Department is dropping its investigation of Federal Reserve Chairman Jerome Powell, paving the way for the Senate to confirm Kevin Warsh, President Trump's nominee to lead the Fed.
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The issue had been hanging over the former Venezuelan leader's federal criminal case for weeks. Last month, a judge indicated that he was skeptical of the U.S. government's rationale for blocking the funds.
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The decision to end the inquiry into Jerome H. Powell's handling of the Federal Reserve's renovation could allow Kevin M. Warsh, the president's pick for Fed chair, to be confirmed.
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Also, the U.S. is sending top envoys to Pakistan for Iran peace talks. Here's the latest at the end of Friday.
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