The DOJ closed its criminal probe into Federal Reserve Chair Jerome Powell on April 24, 2026, after launching it in January over his congressional testimony on headquarters renovation costs. U.S. Attorney Jeanine Pirro referred the matter to the Fed inspector general while noting the office could restart the inquiry if warranted, removing a key Senate hurdle for Kevin Warsh’s confirmation as successor. Powell’s chair term ended May 15 but he remains a governor through 2028. With no subsequent announcements or actions as of mid-June, traders assign over 98% probability against reopening by late June, reflecting the probe’s recent termination, institutional handoff, and absence of new catalysts that could revive it before scheduled resolution windows.