Trump urges continuation of Powell probe amid Fed HQ renovation scrutiny

1 min read
Source: CNBC
Trump urges continuation of Powell probe amid Fed HQ renovation scrutiny
Photo: CNBC
TL;DR Summary

President Trump says the criminal investigation into Federal Reserve Chair Jerome Powell should continue, urging U.S. Attorney Jeanine Pirro to pursue it to the end despite Sen. Thom Tillis’s vow to oppose any new Fed chair nominee until the probe is resolved; Tillis’s stance could block Kevin Warsh’s nomination for Fed chair. CNBC reports the Fed has not yet complied with grand jury subpoenas tied to Pirro’s probe, while the Fed defends the Washington HQ renovation as a cost-saving measure and Powell’s term ends in May.

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