The US Department of Justice will end the criminal investigation into Powell

According to ABC News, multiple insiders have revealed that the US Department of Justice is expected to end its criminal investigation into Federal Reserve Chairman Powell as early as Friday and transfer the matter to the Federal Reserve's internal regulatory agencies. Senior officials from the Department of Justice have informed several senators, including Senator Tom Tillis, that they plan to abandon the investigation into alleged cost overruns in the renovation project of the Federal Reserve's Washington headquarters. Powell's term will end next month, and he has stated that he will remain in office until Trump's nominee, Walsh, is confirmed.