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The U.S. Department of Justice has officially closed its investigation into Fed Chair Jerome Powell regarding cost overruns in central bank renovations, clearing a major hurdle for Kevin Warsh’s nomination. Warsh, known for his crypto-friendly stance, is expected to see an expedited Senate confirmation process following this legal resolution. Meanwhile, Powell is reportedly considering staying on the Board of Governors until 2026, a move that could complicate the internal leadership transition. In an unrelated but significant administrative shift, reports indicate the Trump administration plans to reinstate federal executions by firing squad. These combined developments reflect a broader push for institutional change as the new administration takes shape. Investors remain focused on how these regulatory and policy shifts will impact monetary continuity and market sentiment.
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