GOP Senator Says Prosecutor in Powell Probe Has Been Changed

Jerome Powell

Photographer: Al Drago/Bloomberg

The top Republican on the Senate Banking Committee said the “head prosecutor” handling the Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell had been replaced, a potentially notable shift in the highly consequential probe.

“I believe that the head prosecutor has been changed,” Senator Tim Scott said Wednesday during an appearance on CNBC. “I think that’s a fact.”