DOJ Ends Powell Probe, Removing Barrier to Kevin Warsh Fed Chair Vote

The Department of Justice ended its investigation into Jerome Powell over the Fed’s $2.5 billion headquarters renovation, removing a barrier to Senate action on Kevin Warsh’s nomination. Kalshi traders priced an 84% chance of Warsh’s confirmation before Powell’s May 15 departure after Friday’s decision. Warsh has disclosed holdings in Solana and other crypto ventures, and Warsh told senators that digital assets are already part of U.S. financial services while opposing a Fed-issued CBDC.

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