The U.S. Department of Justice halts its investigation into the Federal Reserve, possibly paving the way for Powell's nomination to be approved by the Senate.

On the 24th, United States Attorney for the District of Columbia, Jennina Piro, stated that in light of the Federal Reserve Board's expectation to conduct an internal investigation regarding cost overruns on the renovation project of their office building, she has instructed the District of Columbia's federal prosecutors' office to end their investigation into the Federal Reserve's office renovation project. According to American media analysis, the Department of Justice has ended the criminal investigation into Federal Reserve Chairman Powell, paving the way for Senate approval of President Trump's nominee for the next Federal Reserve Chairman, Kevin Wash.