Fed, DOJ clash over Powell probe — as government says it has no evidence of misconduct - Politico

The Federal Reserve and Department of Justice are clashing over an investigation into Fed Chair Jerome Powell, even as the government stated it has found no evidence of misconduct. The dispute centers on how the probe should proceed and what oversight mechanisms apply, reflecting tension between two major federal agencies over their respective authority. Powell's position as head of the nation's central bank makes any investigation into his conduct a high-stakes matter affecting market confidence and monetary policy leadership. The government's assertion of no misconduct evidence, while simultaneously facing inter-agency disagreement, suggests the investigation may be substantive enough to require coordination between institutions typically aligned on financial regulation. The outcome will likely influence how future probes of senior federal officials are handled across agencies.