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President Donald Trump's Department of Justice on Friday said that it's backing down in a standoff over the leadership of the Federal Reserve, an announcement that is expected to pave the way for Trump's nominee for Fed chair, Kevin Warsh, to take over for Jerome Powell when his term in that role ends on May 15.
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DOJ drops criminal probe of Fed Chair Powell CNBCJeanine Pirro drops criminal probe of Jerome Powell CNNJustice Dept. drops investigation into Federal Reserve and Jerome Powell NBC NewsJustice Dept to close investigation of Federal Reserve renovations, US Attorney Pirro says Reuters
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