{"id":9239,"date":"2026-04-24T11:11:06","date_gmt":"2026-04-24T16:11:06","guid":{"rendered":"https:\/\/westplexnews.com\/index.php\/2026\/04\/24\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\/"},"modified":"2026-04-24T11:11:06","modified_gmt":"2026-04-24T16:11:06","slug":"trump-administration-investigation-of-fed-chair-jerome-powell-scrapped","status":"publish","type":"post","link":"https:\/\/westplexnews.com\/index.php\/2026\/04\/24\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\/","title":{"rendered":"Trump administration investigation of Fed Chair Jerome Powell scrapped"},"content":{"rendered":"<figure><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/missouriindependent.com\/wp-content\/uploads\/2026\/04\/tillis-2026download-1024x683.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"U.S. Sen. Thom Tillis, R-N.C., in an elevator at the U.S. Capitol on June 30, 2025 in Washington, D.C. Tillis had vowed to oppose President Donald Trump\u2019s pick to replace Fed Chair Jerome Powell unless the administration dropped its Fed investigation. (Photo by Alex Wong\/Getty Images)\" \/><figcaption>\n<p>U.S. Sen. Thom Tillis, R-N.C., in an elevator at the U.S. Capitol on June 30, 2025 in Washington, D.C. Tillis had vowed to oppose President Donald Trump\u2019s pick to replace Fed Chair Jerome Powell unless the administration dropped its Fed investigation. (Photo by Alex Wong\/Getty Images)<\/p>\n<\/figcaption><\/figure>\n<p dir=\"ltr\">WASHINGTON \u2014 The Department of Justice dropped its investigation Friday of the Federal Reserve and Chair Jerome Powell over building renovation costs, a move that could open the door for new Fed leadership next month \u2014 and signaled a victory for North Carolina Sen. Thom Tillis.<\/p>\n<p dir=\"ltr\">U.S. Attorney Jeanine Pirro said her office closed the probe after a request to the Fed\u2019s inspector general to examine the cost overruns.<\/p>\n<p dir=\"ltr\">\u201cThe IG has the authority to hold the Federal Reserve accountable to American taxpayers. I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas,\u201d Pirro\u00a0<a href=\"https:\/\/x.com\/USAttyPirro\/status\/2047679907312939264?s=20\" target=\"_blank\">wrote<\/a> on X just after 10 a.m. Eastern.<\/p>\n<p dir=\"ltr\">Pirro said she \u201cwill not hesitate to restart a criminal investigation should the facts warrant doing so.\u201d<\/p>\n<p dir=\"ltr\">Powell, whose term expires in May, has been the target of repeated public criticism from President Donald Trump, who threatened to fire the central bank\u2019s chair if he did not lower interest rates.<\/p>\n<p dir=\"ltr\">The Trump administration\u2019s criminal inquiry into Powell for a $2.5 billion renovation project at the Fed\u2019s offices has been eyed with suspicion, including from his own party.<\/p>\n<p dir=\"ltr\">Tillis, R-N.C.,\u00a0<a href=\"https:\/\/www.newsfromthestates.com\/article\/fed-chair-nominee-says-he-will-be-independent-trump-though-dems-see-sock-puppet\" target=\"_blank\">said<\/a> he would not vote for Trump\u2019s pick to replace Powell, former Fed Board Governor Kevin Warsh, unless the administration dropped its \u201cbogus\u201d investigation.<\/p>\n<p dir=\"ltr\">A favorable vote by Tillis on the closely divided Senate Committee on Banking, Housing and Urban Affairs is necessary to advance Warsh\u2019s nomination, as all panel Democrats oppose him.<\/p>\n<p dir=\"ltr\">Tillis\u2019s office did not immediately respond for comment.<\/p>\n<p dir=\"ltr\">A federal judge last month\u00a0<a href=\"https:\/\/www.newsfromthestates.com\/article\/trump-probe-fed-chair-powell-meant-harass-judge-says-while-denying-subpoenas\" target=\"_blank\">blocked<\/a> the administration\u2019s subpoenas to probe the Fed and Powell.<\/p>\n<p dir=\"ltr\">The Department of Justice declined to comment and referred States Newsroom to Pirro\u2019s social media post.<\/p>\n<p dir=\"ltr\">Sen. Elizabeth Warren, D-Mass., issued a statement dismissing the DOJ\u2019s announcement as \u201can attempt to clear the path for Senate Republicans to install President Trump\u2019s sock puppet Kevin Warsh as Fed Chair.\u201d<\/p>\n<p dir=\"ltr\">\u201cLet\u2019s be clear what the Justice Department announced today: they threatened to restart the bogus criminal investigation into Fed Chair Powell at any time while failing to drop their ridiculous criminal probe against Governor (Lisa) Cook. Anyone who believes Donald Trump\u2019s corrupt scheme to take over the Fed is over is fooling themselves,\u201d she\u00a0<a href=\"https:\/\/bsky.app\/profile\/warren.senate.gov\/post\/3mkaslpjxes2i\" target=\"_blank\">wrote<\/a> on X and Bluesky late Friday morning, referring to Trump\u2019s abrupt August firing of Feb Board Governor Cook over alleged financial fraud.<\/p>\n<p dir=\"ltr\">Cook successfully challenged her firing in two lower courts. The U.S. Supreme Court is\u00a0<a href=\"https:\/\/www.newsfromthestates.com\/article\/even-conservative-supreme-court-justices-cool-trump-dismissal-feds-lisa-cook\" target=\"_blank\">reviewing<\/a> whether Trump legally dismissed Cook.\u00a0<\/p>\n<p dir=\"ltr\"><em>This is a developing story and will be updated.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>U.S. Sen. Thom Tillis, R-N.C., in an elevator at the U.S. Capitol on June 30, 2025 in Washington, D.C. Tillis had vowed to oppose President Donald Trump\u2019s pick to replace Fed Chair Jerome Powell unless the administration dropped its Fed investigation. (Photo by Alex Wong\/Getty Images) WASHINGTON \u2014 The Department of Justice dropped its investigation&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9240,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump administration investigation of Fed Chair Jerome Powell scrapped - WestplexNews.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/westplexnews.com\/index.php\/2026\/04\/24\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump administration investigation of Fed Chair Jerome Powell scrapped - WestplexNews.com\" \/>\n<meta property=\"og:description\" content=\"U.S. Sen. Thom Tillis, R-N.C., in an elevator at the U.S. Capitol on June 30, 2025 in Washington, D.C. Tillis had vowed to oppose President Donald Trump\u2019s pick to replace Fed Chair Jerome Powell unless the administration dropped its Fed investigation. (Photo by Alex Wong\/Getty Images) WASHINGTON \u2014 The Department of Justice dropped its investigation...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/westplexnews.com\/index.php\/2026\/04\/24\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\/\" \/>\n<meta property=\"og:site_name\" content=\"WestplexNews.com\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-24T16:11:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/missouriindependent.com\/wp-content\/uploads\/2026\/04\/tillis-2026download-1024x683.jpg\" \/>\n<meta name=\"author\" content=\"Brad Hildebrand\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brad Hildebrand\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/westplexnews.com\\\/index.php\\\/2026\\\/04\\\/24\\\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/westplexnews.com\\\/index.php\\\/2026\\\/04\\\/24\\\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\\\/\"},\"author\":{\"name\":\"Brad Hildebrand\",\"@id\":\"https:\\\/\\\/westplexnews.com\\\/#\\\/schema\\\/person\\\/86ac6e2a917ca881b22f6d55d1b955f0\"},\"headline\":\"Trump administration investigation of Fed Chair Jerome Powell scrapped\",\"datePublished\":\"2026-04-24T16:11:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/westplexnews.com\\\/index.php\\\/2026\\\/04\\\/24\\\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\\\/\"},\"wordCount\":504,\"publisher\":{\"@id\":\"https:\\\/\\\/westplexnews.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/westplexnews.com\\\/index.php\\\/2026\\\/04\\\/24\\\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/westplexnews.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/tillis-2026download-1024x683-lNbHTP.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/westplexnews.com\\\/index.php\\\/2026\\\/04\\\/24\\\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\\\/\",\"url\":\"https:\\\/\\\/westplexnews.com\\\/index.php\\\/2026\\\/04\\\/24\\\/trump-administration-investigation-of-fed-chair-jerome-powell-scrapped\\\/\",\"name\":\"Trump administration investigation of Fed Chair Jerome Powell scrapped - 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