Pirro Targets Powell in High-Stakes Fed Probe

Jeanine Pirro, the U.S. attorney for the District of Columbia, subpoenaed the Federal Reserve and shows no plans to back down from a probe into Fed Chair Jerome Powell, even as GOP lawmakers and President Trump voice skepticism. The inquiry centers on Powell’s congressional testimony about renovations to the Fed’s headquarters and cost overruns, and Pirro says her office had contacted the Fed repeatedly before pursuing legal avenues. The developments prompted a mixed market response and raised questions about Fed independence amid political pressure.