Recent closure of the Department of Justice criminal probe into Federal Reserve Chair Jerome Powell over headquarters renovation costs and congressional testimony has anchored trader consensus that federal charges will not occur by June 30. Prosecutors ended the inquiry in late April, referring the matter to the Fed’s inspector general after a federal judge blocked related subpoenas for lack of evidence and described them as pretextual. Powell’s term as chair concludes in May, and no active indictment proceedings remain despite signals that authorities could revisit the case. With roughly six weeks until the deadline, the absence of fresh subpoenas, grand jury activity, or documented evidence of false statements makes any charging decision before June 30 highly improbable under standard federal timelines.