US prosecutors drop criminal probe into Fed chair Jay Powell
Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next US central bank chief
Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next US central bank chief

Chair says probe follows central bank’s refusal to bow to White House push for much lower interest rates

Vote brings to an end one of the most fraught processes of selecting a central bank chief in decades

Central bank chair’s decision to confront the president has bolstered the institution’s independence

US president insists Justice Department will not drop criminal probe into central bank chair

Central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

Central bank chair could stay on board beyond this year in effort to protect central bank’s independence