US EditionProsecutor admits government lacks evidence of misconduct by Fed chair: Washington Post
A DOJ prosecutor acknowledged no evidence of wrongdoing by Powell in the $2.5 billion Fed renovation probe, leading to quashed subpoenas and judicial criticism of the investigation.
- On Tuesday, a transcript revealed Assistant U.S. Attorney Andrew Massucco admitted in a closed-door hearing that the Justice Department lacks evidence of criminal misconduct by Federal Reserve Chair Jerome Powell regarding a $2.5 billion renovation.
- President Donald Trump launched the investigation following months of criticism over the Federal Reserve's $2.5 billion headquarters overhaul and Powell's refusal to lower interest rates, fueling fears of political interference in monetary policy.
- Chief Judge James Boasberg recently quashed government subpoenas, writing that prosecutors produced "essentially zero evidence" to suspect Powell of a crime and describing their justifications as "thin and unsubstantiated."
- The criminal probe has delayed Senate consideration of Kevin Warsh, President Trump's nominee to replace Powell, with Republican Sen. Thom Tillis insisting the banking committee withhold any confirmation vote until the investigation is resolved.
- While prosecutors argued the $1.2 billion cost overrun justified their scrutiny, critics labeled the probe "Another Trump Team retribution bungle," undercutting claims of criminality in the Fed's project.
20 Articles
20 Articles
Prosecutor told judge no evidence existed to criminally pursue Powell over costly Fed renovations
A federal prosecutor in Washington, DC, told a judge this month that his office didn’t have evidence of any crimes by Federal Reserve Chair Jerome Powell in a costly renovation of the central bank’s headquarters – despite subpoenas over the matter, which the judge later quashed.
Associated Press News
Prosecutor conceded lack of criminal evidence in Federal Reserve investigation, transcript shows
Newly released court records indicate the Justice Department's investigation of a $2.5 billion renovation project at the Federal Reserve didn’t find any evidence of a crime before a judge quashed government subpoenas, dealing a severe blow to the probe.
Firestorm erupts as Trump admin ridiculed after admitting lack of evidence
The U.S. Department of Justice does not have evidence of wrongdoing in its criminal investigation of Federal Reserve Chairman Jerome Powell, a top deputy to U.S. Attorney Jeanine Pirro admitted in a closed-door hearing.The Washington Post reported that the admission "undercuts President Donald Trump’s claim that 'there is criminality' in the $2.5 billion overhaul of the Fed’s headquarters," a renovation the president has claimed is costing $4 bi…
'Big Embarrassment': Trump Team Mocked After Admitting Lack of Evidence Against Fed Chair
The U.S. Department of Justice does not have evidence of wrongdoing in its criminal investigation of Federal Reserve Chairman Jerome Powell, a top deputy to U.S. Attorney Jeanine Pirro admitted in a closed-door hearing. The Washington Post reported that the admission “undercuts President Donald Trump’s claim that ‘there is criminality’ in the $2.5 billion overhaul of the Fed’s headquarters,” a renovation the president has claimed is costing $4 b…
Jeanine Pirro Deputy Admits DOJ Has Nothing on Jerome Powell
AP Photo/Mark Schiefelbein, File A top deputy to U.S. Attorney Jeanine Pirro privately admitted, according to a Tuesday report, that the Justice Department could not find evidence of wrongdoing by Federal Reserve chair Jerome Powell — undercutting President Donald Trump‘s ongoing claim of “criminality” in renovating the Fed building. According to The Washington Post, transcripts of the court proceedings reveal that the deputy spoke out in a clos…
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