The decision could have important ramifications for policymaking at an especially delicate time.

Federal Reserve Chairman Jerome Powell's term is nearing its end while the Trump administration investigates him and a replacement seeks confirmation.

Powell has accused the DOJ of targeting him for refusing to obey Trump's demand that the Fed sharply lower interest rates.

President Donald Trump had accused Powell of improper cost overruns in renovating the Fed's building.

The move clears the way for his replacement's Senate confirmation, amid growing concerns over President Donald Trump's attacks on the independent central bank.

The announcement on Friday is expected to clear the path for the confirmation of his successor, Kevin Warsh.

The Justice Department on Friday announced it's pausing its investigation of Federal Reserve Chairman Jerome Powell.

The decision could have important ramifications for policymaking at an especially delicate time.

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