The administration of Donald Trump has decided to drop the criminal investigation against Jerome Powell, closing a case related to cost overruns in the renovation of the Federal Reserve headquarters. The decision comes after authorities found insufficient evidence of wrongdoing.
The move not only relieves pressure on Powell but also removes a major obstacle to the possible appointment of a new Federal Reserve leader backed by Trump. The investigation had sparked political tensions and criticism over its potential motivations.
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Although the criminal case has been closed, the Inspector General will continue reviewing the project’s expenses, keeping attention on the central bank’s internal management.
Why were the charges against Powell dropped?
Because authorities did not find sufficient evidence of a crime, and a judge even indicated that the case lacked solid grounds.
With this development, a key question emerges: is this purely a legal decision, or a political move with implications for the future of the U.S. economy?
