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'Hoping to Fool the American People': In Dead of Night, GOP Sets Vote on Trump Fed Pick Common DreamsThe ‘Lasting Damage' of Pirro's Investigation of the Federal Reserve and Powell The New York TimesSenate panel schedules vote to advance Warsh as Powell probe dropped The Washington PostJeanine Pirro drops criminal probe of Jerome Powell CNNPirro could reopen Fed probe at any time, Democratic sen
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The decision could have important ramifications for policymaking at an especially delicate time.
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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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The move paves the way for the Senate to confirm Kevin Warsh, the president's nominee to head the central bank.
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