Trump drops Powell investigationJune 30
ResolvedOutcome: Yes$23Kas of
Odds now
This market has resolved Yes. Final market pricing put YES at 100%, as of .
YES100¢
NO0¢
as of
What moved the odds?
36 AI-matched news signals on this market, newest first. Entry price is the called side when the news hit; the signed return marks it against the final price as of .
The U.S. Department of Justice announced it will end its criminal investigation into Federal Reserve Chairman Jerome Powell, thus clearing a hurdle that would have prevented Kevin Warsh from being approved to succeed him.
Justice Department Closes Inquiry of Federal Reserve Pushed by Trump
NEW: The DOJ's investigation into Powell and the Fed may be over, but the central bank will be dealing with the aftershocks for quite some time. • • What will be hard to recoup is confidence in the Fed’s ability to operate independently from a White House that has shown little restraint in its efforts to pressure it into slashing rates. • • Crucially, Tillis has not yet spoken today about whether he will now allow Warsh's confirmation to proceed. Powell, meanwhile, has reason to be skeptical that the legal threats against him and the institution are well and truly over, keeping alive the prospects that he stays on as a governor • • @nytimes @TonyRomm
The ‘Lasting Damage’ of Pirro’s Defunct Fed Investigation
Pirro closes investigation into Federal Reserve over building project
TIMELINE-How the DOJ went from investigating Powell to dropping the case
Will he stay or will he go? With criminal probe over, Fed Chair Powell faces big decision
DOJ drops criminal probe into Fed chair Jerome Powell
The Trump administration is ending its investigation into Jerome Powell.
Justice Dept - as it drops probe of Jerome Powell - says the agency Inspector General will continue with probe of cost overruns at Federal Reserve Bldg • • The inspector has been looking at Fed renovations for YEARS already... not even a whisper of anything criminal being involved
Senator Tim Scott, Republican of South Carolina and chairman of the Senate Banking Committee, asked the inspector general for the Fed to brief his panel on its investigation into the central bank and its ongoing renovations at its headquarters. That matter was the subject of the federal inquiry into Jerome Powell, the Fed chair, which federal prosecutors have now dropped. Scott asked for the briefing within the next 90 days. “As I’ve said from the beginning, the American people deserve answers about the unacceptable cost overruns at the Federal Reserve,” Scott said in a statement. “These serious concerns warrant scrutiny, and I’m pleased this matter is continuing to receive it.” Left unaddressed was the fate of Kevin Warsh, whose nomination to lead the Fed has been held up because of the inquiry. The committee has not yet announced a date to vote on Warsh’s nomination.
Trump's DOJ drops probe that stood in way of president's pick to run Federal Reserve. • The Justice Department passed an investigation of Fed Chair Jerome Powell to the Fed's own inspector, which could clear a confirmation path for Kevin Warsh.
Pirro on Friday said she would "not hesitate" to restart the investigation. Powell, meanwhile, has said he would not depart the Fed until the investigation was "well and truly over, with transparency and finality." His term as governor ends 2028 • @nytimes
BREAKING: The DOJ has reportedly dropped its investigation of Fed Chair Jerome Powell
BREAKING: THE JUSTICE DEPARTMENT DROPPED ITS CRIMINAL INVESTIGATION INTO JEROME POWELL, THE CHAIR OF THE FEDERAL RESERVE, PER NYT ...
US ATTY PIRRO INDICATES CRIMINAL PROBE OF FED CHAIR POWELL RELATING TO FED HQ MAY BE NEAR AN END; REACTION AWAITED FROM SEN TILLIS, WHO HAS BEEN BLOCKING WARSH CONFIRMATION AS NEW FED CHAIR #Pirro #Powell #FederalReserve #Warsh
Trump’s case against Jerome Powell collapses, proving the value of fighting back
DOJ drops probe into Jerome Powell, paving the way for crypto-friendly Kevin Warsh to lead Fed
When Jeannine Pirro, the U.S. attorney for the District of Columbia, announced an end to the investigation into the Fed chair Jerome Powell, she noted that the inspector general for the Fed “has been asked to scrutinize” cost overruns in a renovation of the central bank headquarters. In a statement later Friday, the watchdog pointed to the fact that it had announced such an inquiry last July. “In July of last year, the OIG announced that it was conducting an evaluation of the Board’s building renovation project,” a spokesperson said in a statement. “This assessment includes our independent analysis of the project’s substantial cost increases and overruns. We are actively working to complete our review, and look forward to making the results available to the public and Congress upon completion.”
The US Justice Department has dropped a criminal probe against Federal Reserve Chair Jerome Powell, clearing the way for his replacement's Senate confirmation, amid concerns over President Donald Trump's attacks on the independent central bank. •
Department of Justice drops criminal probe into Fed chair Powell
The U.S. Department of Justice announced Friday that it has dropped its criminal investigation of Federal Reserve Chair Jerome Powell, related to the multi-billion-dollar renovation of the central bank’s headquarters in Washington, instead referring the case to the Fed’s Inspector General.
Justice Dept ends criminal probe into US Fed chair Powell
Jeanine Pirro, the U.S. attorney for the District of Columbia, said on Wednesday that she would forge ahead with an investigation into Jerome H. Powell, the chair of the Fed. At a news conference, Pirro said she would appeal a recent court decision that had blocked prosecutors from subpoenaing Powell, as they continue to probe cost overruns in a renovation of the Fed’s headquarters. The judge in that case quashed the subpoenas after finding they were politically motivated. “This investigation continues,” she said. “I am in the legal lane. There are others who are in the political lane. I don’t intersect those two lanes. I’m going forward.” The move threatened to snarl the confirmation of Kevin Warsh, whom President Trump has nominated to replace Powell as chair of the nation’s central bank. At least one Republican, Senator Thom Tillis of North Carolina, has said he will not advance any nominee for the Fed while the investigation into Powell is open.
Pirro says DOJ won't drop Fed probe, will appeal judge's order blocking Powell subpoenas. • Powell has accused the DOJ of targeting him for refusing to obey Trump's demand that the Fed sharply lower interest rates.
Pirro’s Powell probe faces a difficult road to appeal, former prosecutors say - CNBC • •
Judge rejects DOJ push to resurrect Powell probe •
Judge rejects DOJ push to resurrect Powell probe
US judge upholds block of subpoenas in criminal investigation of Jay Powell
Judge Rejects Bid to Revive Subpoenas Targeting Powell -- WSJ
U.S. District Judge James Boasberg upheld his prior decision to block subpoenas in a criminal probe into Federal Reserve Chair Jerome Powell. • • More Here →
Breaking Reuters: Chief U.S. District Judge James Boasberg just stood by his prior decision to block subpoenas issued in the criminal investigation into Fed Chair Jerome Powell — setting up a likely appeal that could further delay Trump's effort to install a compliant central bank head.
US judge declines to revisit ruling in investigation of Fed's Powell.
US JUDGE DECLINES TO REVISIT RULING IN INVESTIGATION OF FED'S POWELL. ...
U.S. JUDGE DECLINES TO REVISIT RULING IN INVESTIGATION OF FED’S POWELL
NOReuters99%match27¢-100%
U.S. Judge Declines to Revisit Ruling in Investigation of Fed’s Powell
Where does the news lean?
27YES13NO1neutraltrailing 24h
Average match confidence across the listed signals: 99%.
How did this market resolve?
Federal prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell over his congressional testimony in June 2025 about the renovation of the Central Bank’s headquarters (See: https://www.cnn.com/2026/01/11/business/federal-prosecutors-criminal-investigation-federal-reserve-chair-jerome-powell).
This market will resolve to “Yes” if this criminal investigation into Jerome Powell is dropped by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.
The investigation will be considered to be dropped if it is definitively announced by the DoJ, Donald Trump, or other relevant members of the Trump Administration that the investigation is or will be ended without proceeding to any charges or indictment, or if the investigation is otherwise confirmed to have ended without charges by a broad consensus of credible reporting.
Official statements from Donald Trump or other Trump Administration officials will only suffice to resolve this market to “Yes” if they definitively indicate that the investigation is or will be ended without proceeding to any charges or indictment. Suggestions, informal statements, statements that there will be no charges for now, or other statements that do not meet this standard will not alone qualify.
If the United States federal government formally charges or announces a criminal indictment of Jerome Powell as a result of this investigation, within this market’s timeframe, this market will immediately resolve to “No”.
The primary resolution source for this market will be official information from the United States Federal Government; however, a consensus of credible reporting may also be used.
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