US EditionPirro on Powell probe: ‘None of this would have happened if they had just responded to our outreach’
Jeanine Pirro said the Federal Reserve ignored multiple outreach attempts about $700 million cost overruns on a $2.5 billion renovation, leading to subpoenas and grand jury action.
- On Monday, U.S. Attorney Jeanine Pirro said the Federal Reserve ignored outreach, prompting prosecutors to serve grand jury subpoenas seeking testimony from Jerome Powell, Federal Reserve Chair.
- The long-running renovation of the Marriner S. Eccles Federal Reserve Board Building and 1951 Constitution Avenue Building became a $2.5 billion project and ran about $700 million over budget, according to a person familiar.
- Pirro added on Sunday that `the threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,` and Powell confirmed in a videotaped statement the investigation is unrelated to his testimony or renovations.
- Republican lawmakers, including Sen. Thom Tillis of North Carolina and Sen. Lisa Murkowski of Alaska, cited Rep. Anna Paulina Luna, R-Fla.'s July referral and questioned the Justice Department's motives, raising Federal Reserve independence concerns.
- Powell said the probe raises whether the Federal Reserve will set interest rates based on evidence or be directed by political pressure, amid President Donald Trump's year-long efforts to criticize him.
10 Articles
10 Articles
Jeanine Pirro Is Going After Powell, Heedless of Backlash
Jeanine Pirro didn’t seek sign-off from her bosses at the Justice Department before subpoenaing the Federal Reserve and has no plans to back down from an investigation into Chairman Jerome Powell, according to a person familiar with the matter.
Pirro says Federal Reserve ignored US attorney outreach on Powell testimony, alleged cost overruns
U.S. Attorney Jeanine Pirro says Justice Department subpoenas of the Federal Reserve followed ignored outreach and are legal process, not a "threat" to Chair Jerome Powell.
NEW: Jeanine Pirro Brings Out The Receipts, Smacks Down Jerome Powell
U.S. Attorney for the District of Columbia Jeanine Pirro pushed back Monday on claims that the Justice Department threatened Federal Reserve Chair Jerome Powell, saying the probe would never have been necessary if the Fed had simply engaged with investigators. “The United States Attorney’s Office contacted the Federal Reserve on multiple occasions to discuss cost overruns and the chairman’s congressional testimony, but were ignored, necessitatin…
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