Federal Probe Into Powell Ends With No Charges Filed
American justice closes a critical case weighing on the Federal Reserve. By dropping charges against Jerome Powell, it ends a controversial investigation into $2.5 billion worth of renovations and dissipates an unprecedented climate of tension between political power and monetary authority. As his departure approaches, the Fed chairman leaves the stage without conviction, while this decision unblocks a previously paralyzed succession and revives questions about the institution's real independence.
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