Trump administration investigation of Fed Chair Jerome Powell scrapped
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U.S. Sen. Thom Tillis, R-N.C., in an elevator at the U.S. Capitol on June 30, 2025 in Washington, D.C. Tillis had vowed to oppose President Donald Trump’s pick to replace Fed Chair Jerome Powell unless the administration dropped its Fed investigation. (Photo by Alex Wong/Getty Images)WASHINGTON — The Department of Justice dropped its investigation Friday of the Federal Reserve and Chair Jerome Powell over building renovation costs, a move that could open the door for new Fed leadership next mont
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