00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Federal Reserve Chair
00:04Jerome Powell faces a decision on whether to remain at the Central Bank after the Justice
00:09Department referred a criminal probe into Fed headquarters renovations to the Inspector General.
00:14The move removes the department from the investigation for now.
00:18Powell has said he would stay until the probe is resolved.
00:21He must now decide whether to leave following precedent or remain for the final two years
00:25of his term as governor.
00:27Analysts said the referral may have come too late to prompt a May 15th exit.
00:32President Trump has threatened to fire Powell if he does not step down.
00:36Markets are watching Powell's upcoming comments and the Senate's consideration of Kevin Warsh.
00:41For all things money, visit Benzinga.com.
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