US EditionDOJ's Inquiry Into Powell Brings Criticism
The DOJ inquiry targets cost overruns that pushed the Fed headquarters renovation budget to $2.5 billion, with subpoenas issued amid alleged lack of cooperation from Powell.
- On Friday, the Department of Justice served grand jury subpoenas as part of a criminal inquiry into Federal Reserve Chair Jerome Powell regarding his Senate testimony on Federal Reserve headquarters renovations.
- Cost overruns on the Fed headquarters renovation project ballooned the budget to $2.5 billion last year, though President Donald Trump claims it reached $3.1 billion, with the Federal Reserve citing inflation and costly asbestos abatement.
- After outreach was ignored, Jeanine Pirro, U.S. Attorney for the District of Columbia, issued subpoenas to the Federal Reserve without DOJ sign-off, facing backlash.
- While markets briefly sold off on Monday, stocks and bonds recovered by day's end as Senator Thom Tillis vowed to oppose Trump’s Fed nominees until the probe ends.
- Wider concern centers on threats to the Federal Reserve's institutional independence, as Republican lawmakers and critics called the inquiry a revenge plot and Jerome Powell warned it risks politicizing monetary policy.
15 Articles
15 Articles
Trump’s phony attack on the Fed: President is playing with fire with Powell probe
Donald Trump’s henchmen (in this case, henchwoman) are at it again, this time ginning up a phony criminal investigation into Federal Reserve Chair Jay Powell in much the same way that they’ve tried against Trump antagonists Jim Comey and Tish James. Those persecutions were horrible precedent in their own right, but this, signed off on by the U.S. attorney for D.C., Jeanine Pirro, is a different caliber altogether, not just representing a threat …
Pirro claims Powell probe would not 'have happened' if Fed responded to outreach
Powell revealed the investigation over the weekend, stating that the Justice Department delivered grand jury subpoenas to the Fed late last week regarding his testimony before the Senate Banking Committee last June.
Fed’s Failure to Respond to DOJ Inquiries Prompted Powell Probe: Pirro - The Thinking Conservative News
Jeanine Pirro said Federal Reserve Chair Jerome Powell could have avoided a DOJ probe if the central bank “had just responded to our outreach.” The post Fed’s Failure to Respond to DOJ Inquiries Prompted Powell Probe: Pirro appeared first on The Thinking Conservative News.
Fed’s Failure to Respond to DOJ Inquiries Prompted Powell Probe: Pirro
Jeanine Pirro, U.S. attorney for the District of Columbia, said on Jan. 13 that Federal Reserve Chair Jerome Powell could have avoided a Department of Justice probe if the central bank “had just responded to our outreach.” In a Jan. 13 statement on X, Pirro said the U.S. Attorney’s Office had repeatedly contacted the Fed about cost overruns and Powell’s June testimony before the Senate Banking Committee. Those inquiries, she added, “were ignored…
Larry Kudlow Suggests Former Fox Colleague Jeanine Pirro Got ‘Carried Away’ by Investigating Jerome Powell
Fox Business host Larry Kudlow is no fan of the Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell. The New York Times reported on Sunday that Powell is under investigation by the U.S. Attorney’s Office for the District of Columbia, which is led by former Fox News host Jeanine Pirro. Pirro approved an examination of the Fed’s spending records, particularly as they concern renovations at the bank’s Washington,…
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Crooks and LiarsPirro goes after Powell, ignoring backlash
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