The independence of the Fed has been at the forefront of political discourse. Pirro said on the social platform X that the remaining issues, mainly related to renovation costs at the Fed headquarters, will be referred to the Fed’s Inspector General for further review.
The investigation had previously drawn criticism from former Fed officials and lawmakers. Powell’s term is set to end on May 15. The probe had been expected to delay Senate confirmation of a successor nominated by Donald Trump. Following the Justice Department’s decision, the White House expressed confidence that the process will soon move forward.
