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Late Friday morning, April 24, journalists reported that the US Department of Justice (DOJ) has decided to drop its criminal investigation of Federal Reserve Chairman Jerome Powell.

The move comes after federal prosecutor Jeanine Pirro, who was handling the probe at DOJ, reportedly 'surrendered' and turned the case over to the inspector general at the Federal Reserve.

Prior to this, critics had attacked the Powell probe as frivolous and politically motivated, citing Trump's anger at the Fed chairman for refusing to lower interest rates as much as he would like.

In fact, one of Pirro's prosecutors told a judge in open court that they were aware of no criminal wrongdoing by Jerome Powell, the chairman of the Federal Reserve. This was entirely a product of Donald Trump's imagination, according to Ken Dilanian, an MS NOW analyst.