U.S. House Committee on Financial Services Chairman French Hill issued a statement responding to the Department of Justice’s announcement that it is closing its investigation of Federal Reserve Chairman Jerome Powell. Hill said he welcomed the decision and reiterated his view, which he said he had expressed since January 12, that allegations of criminal conduct linked to building construction were a distraction that would delay President Trump’s selection of a new Federal Reserve Chair. He noted that an Inspector General review is still ongoing and called for the Senate to confirm President Trump’s nominee, Kevin Warsh, as soon as possible.
U.S. Financial Services Committee 2026-04-24
U.S. House Committee on Financial Services chair welcomes DOJ closure of Jerome Powell investigation and urges swift confirmation of Kevin Warsh
The U.S. House Committee on Financial Services Chairman French Hill welcomed the Department of Justice’s decision to close its investigation of Federal Reserve Chairman Jerome Powell, reiterating his view that the allegations were a distraction that could delay President Trump’s selection of a new Federal Reserve Chair. He noted that an Inspector General review remains ongoing and urged the Senate to confirm President Trump’s nominee, Kevin Warsh, as soon as possible.