Washington Edition

Looking at What’s Next for the Fed With the Powell Probe Dropped

The end of the DOJ investigation may not be the end of the story.
Fed Chair nominee Kevin Warsh as his confirmation hearing this week.Photographer: Graeme Sloan/Bloomberg

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Today we saw US Attorney Jeanine Pirro announce the Justice Department was dropping its investigation of Federal Reserve Chairman Jerome Powell, potentially clearing the way for Kevin Warsh to be the next chair of the Fed. So, let’s assume he’s confirmed. What do you need to know?