Gate News reports that on March 20, the investigation into Federal Reserve Chair Jerome Powell has reached a deadlock, creating uncertainty about Kevin Warsh’s potential succession. The U.S. Department of Justice supports federal prosecutors’ appeal against the court’s dismissal of the Fed subpoena ruling, a move backed by the White House, which has intensified legal disputes and affected the future leadership of the Federal Reserve. Former President Trump was initially open to ending the investigation but shifted to support the appeal after the court ruling. Federal Prosecutor Jeanne Piro announced plans to appeal, with the Department of Justice leadership expressing support. The ongoing legal proceedings could delay Warsh’s appointment as the new Federal Reserve Chair, keeping the controversy surrounding Powell ongoing.
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