The move probably paves the way for the Senate to confirm Kevin Warsh, President Donald Trump's pick to replace Powell.

Federal Reserve Chair Jerome Powell is drawing backlash from Trump administration figures and allies after announcing his plans to stay at the central bank beyond his chairmanship. Powell said Wednesday that he will remain on the Fed board for an undetermined amount of time after Kevin Warsh takes over as chair given the various legal threats he believes the bank still faces.

The Justice Department is dropping its investigation of Federal Reserve Chairman Jerome Powell, paving the way for the Senate to confirm Kevin Warsh, President Trump's nominee to lead the Fed.

The investigation was over construction costs at the Fed's DC-area buildings.

President Donald Trump’s Justice Department has finally done the right thing and dropped its unjustified inquiry into the Federal Reserve’s building-renovation cost overruns — an investigation that was clearly meant to pressure Chair Jerome Powell and his colleagues into lowering interest rates.

The Justice Department has ended its investigation into Federal Reserve chair Jerome Powell, clearing a major roadblock to the confirmation of Kevin Warsh as his successor.

Here are five key things investors need to know to start the trading day.

S.D., discusses U.S. economic strength, Federal Reserve chairman Jerome Powell’s tenure and more on ‘Kudlow.’