The Justice Department has concluded its investigation into Federal Reserve chair Jerome Powell. This decision removes a significant obstacle to the confirmation of Kevin Warsh, President Trump’s nominee. The probe focused on the Fed’s building renovations. Prosecutors found no evidence of criminal conduct. A judge had previously dismissed subpoenas. This development could lead to a swift Senate vote for Warsh.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026