The Federal Reserve investigation has stalled, casting uncertainty on Warsh's path to succession.
CoinFeed reported on March 20th that, according to a report by Jinshi citing US media, sources revealed that senior officials at the US Department of Justice are fully supporting a federal prosecutor's investigation into Federal Reserve Chairman Jerome Powell, and the White House has not objected. This situation has escalated the high-stakes game between the two sides and will have a significant impact on the future leadership of the Federal Reserve. Sources indicated that Trump had been open to ending the Powell investigation before a judge dismissed a subpoena against the Fed last Friday. However, angered by the ruling and long believing the court was biased against him, aides and allies believe Trump now supports an appeal. After the subpoena was dismissed last week, Federal Prosecutor Jeanne Piro immediately announced she would appeal the court's decision. While Trump has not publicly commented on Piro's move, some of his aides were surprised.