Tim Scott on Powell criminal probe: ‘I do not believe that he committed a crime’
Sen. Tim Scott said Powell's testimony involved a serious error but not a crime amid ongoing DOJ probe and predicted GOP support for Trump's Fed nominee.
- On Wednesday, Sen. Tim Scott said he does not believe Jerome Powell committed a crime over his Senate testimony last year, despite a DOJ investigation ongoing.
- Background: DOJ actions show subpoenas were served to the Fed, related to Powell's Senate testimony on the Washington headquarters renovations.
- Scott criticized Powell, saying `I have found him to be inept at doing his job` in a Fox Business interview Wednesday but added that ineptness is not a criminal act and called it a gross error in judgment.
- On the nomination front, Sen. Tim Scott predicted Sen. Thom Tillis will stop blocking Kevin Warsh's advancement despite Tillis vowing to hold until the Powell probe is dropped.
13 Articles
13 Articles
Senate Banking chair says Powell didn’t commit crime in testimony
Senate Banking Committee Chair Tim Scott said Wednesday that he doesn't think Federal Reserve Chair Jerome Powell committed a crime during his testimony last summer about the central bank's costly renovation project.Scott, R-S.C., said in an appearance on FOX Business' "Mornings with Maria" that while he has other issues with how Powell has led the central bank and its monetary policy moves, he doesn't believe that the Fed chair committed a crim…
Tim Scott Breaks With Trump Administration Over DOJ’s Jerome Powell Probe
Aaron Schwartz/Sipa USA via APSenate Banking Committee Chair Tim Scott on Wednesday split from the Trump administration over its criminal probe of Federal Reserve Chair Jerome Powell, saying he doesn’t believe Powell committed a crime.“I found him to be inept at doing his job, but ineptness or being incompetent is not a criminal act,” Scott said during an interview on Fox Business, his first substantial comments on the matter.Powell in January a…
US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal
Republican Senator Tim Scott on Wednesday said he does not believe Federal Reserve Chair Jerome Powell broke the law when he testified to Congress last summer, and would say that to any prosecutor who came asking.
Tim Scott on Powell criminal probe: ‘I do not believe that he committed a crime’
Senate Banking Committee Chairman Tim Scott (R-S.C.) said he doesn’t believe Federal Reserve Chair Jerome Powell committed a crime while testifying before his panel last year, raising doubts about the Trump administration’s probe into the central bank. Scott said Wednesday that while he has “very, very strong disagreements” with Powell — whom he called “inept”…
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