New Delhi, April 24 -- The US Department of Justice (DOJ) has ended its probe into Federal Reserve chair Jerome Powell, a move that could pave the way for the confirmation of his successor, Kevin Warsh.

According to US Attorney for the District of Columbia Jeannine Pirro, her office was ending its probe into the Fed's extensive building renovations because the Fed's inspector general would scrutinize them instead.

The investigation has been a sticking point in the transfer of leadership at the Fed as Powell's term comes to an end in nearly three weeks.

Published by HT Digital Content Services with permission from MINT....