DOJ set to end Fed Chair Powell probe as soon as Friday, clearing path for Warsh confirmation

The Department of Justice is expected to conclude its investigation into Federal Reserve Chair Jerome Powell as early as Friday, removing a key regulatory hurdle for the confirmation of Kevin Warsh to a vacant Fed governor position. The resolution of the probe alleviates political and legal uncertainty that had been weighing on Warsh’s nomination prospects, thereby improving the likelihood of Senate confirmation in the near term. With Warsh seen as a more hawkish monetary policy voice, his potential appointment is likely to influence market pricing of future rate decisions, particularly through shifts in the expected policy stance and governance balance at the Fed. The development supports risk sentiment around tighter policy expectations, with implications for front-end Treasury yields and dollar positioning. Traders will watch the Senate Banking Committee’s next scheduled meeting for formal confirmation timing and any signals on Warsh’s policy priorities.

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