US EditionPirro says whether she will reopen probe into Powell depends on inspector general’s findings
Pirro said she will restart the case if the Fed inspector general finds evidence of wrongdoing in the headquarters renovation probe.
- On Sunday, U.S. Attorney for the District of Columbia Jeanine Pirro said she may reopen the criminal investigation into Federal Reserve Chair Jerome Powell, depending on findings from Fed Inspector General Michael Horowitz regarding building renovations.
- Last month, Pirro suspended the probe after Chief Judge James Boasberg quashed subpoenas, citing a "mountain of evidence" the investigation was improperly intended to pressure Powell into lowering interest rates or resigning.
- Seeking to preserve prosecutorial precedent, Pirro intends to "make a motion to vacate the order" while Powell confirmed he will remain a Fed governor until the legal threat to the central bank's independence is resolved.
- Welcoming the pause, Republican Senator Thom Tillis noted the development allows the confirmation of Kevin Warsh, President Donald Trump's nominee to replace Powell, to proceed in the Republican-controlled Senate.
- Powell maintains the central bank does not "take into consideration political factors" when setting rates, asserting his independence despite Trump's online criticism and persistent demands for deeper interest rate cuts.
33 Articles
33 Articles
He’s OUT — Top Official GONE After He Betrayed Trump One Last Time
Federal Reserve Chairman Jerome Powell is set to leave his post later this month, but he’s not going anywhere. That’s because while his term ends on May 15, Powell has made the unusual decision to stay on as a Federal Reserve Board governor until 2028, likely to deny President Donald Trump the opportunity to appoint someone more in line with his economic agenda. Trump nominated Kevin Warsh in January to replace Powell, but it’s not clear that ha…
Inspector General Report Will Decide If US Attorney Pirro Will Restart Investigation Into Powell
U.S. attorney for the District of Columbia Jeanine Pirro won’t reveal if she will restart the probe into Federal Reserve Chair Jerome Powell until after the Office of the Inspector General, an in-house watchdog, releases if it discovered any evidence of criminal wrongdoing. “It depends on what he finds,” said during an interview on CNN’s “Face The Nation” with Jake Tapper. Tapper replied, “What if he finds nothing?” “When I was a [district attor…
US attorney doesn’t rule out continuing to investigate Federal Reserve Chair Powell
US Attorney for the District of Columbia Jeanine Pirro said Sunday that she may reopen a criminal investigation into Federal Reserve Chair Jerome Powell, depending on what an inspector general’s probe uncovers over building renovations at the Federal Reserve.
Pirro says whether she will reopen probe into Powell depends on inspector general’s findings
Jeanine Pirro, the U.S. attorney for the District of Columbia, said Sunday that she could resume a criminal investigation into Federal Reserve Chair Jerome Powell based on the findings of the central bank’s inspector general. Last month, Pirro closed her probe into Powell and his handling of renovations at the Fed and asked the central…
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