BlockBeats News, April 24th, several sources revealed that the U.S. Department of Justice is expected to end its criminal investigation into Federal Reserve Chairman Powell as early as Friday, resolving a standoff that could have delayed Powell's reappointment. Sources said that senior DOJ officials recently contacted several senators, including Senate Banking Committee member and Republican Senator Thom Tillis, informing them of the plan to abandon the investigation into the alleged cost overrun of the Fed's Washington headquarters renovation and hand the matter over to the Fed's internal oversight body. Powell's term is set to end next month, but he stated in March that he would stay on until Trump's nominated Fed Chair candidate, Warsh, is confirmed.
According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "Trump ending Powell investigation before when" has rapidly surged, with the current likelihood of ending the investigation before the end of this month jumping from 17% to 85%.
