All articles tagged with #pirro
A DOJ probe into the Fed’s headquarters renovations, led by Jeanine Pirro, complicates Kevin Warsh’s bid to become Fed chair as Jerome Powell’s investigation continues, prompting Republican hesitancy and Democratic resistance in the Senate and underscoring tensions between political influence and Fed independence as Powell’s term nears its end.
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.
Lawfare argues the DOJ’s grand jury subpoenas to Federal Reserve Chair Jerome Powell are a pretextual, politically motivated move to intimidate him, not a legitimate criminal inquiry. It outlines the renovation-cost backdrop of Powell’s June 2025 testimony, notes inspector general scrutiny, and contends there’s no credible predicate for charges like perjury or false statements, warning the episode signals prosecutorial overreach that could backfire on Trump allies.
White House officials blame U.S. Attorney Jeanine Pirro for blindsiding the administration with a criminal probe into Federal Reserve Chair Jerome Powell, triggering a damage-control push as markets react and lawmakers weigh Powell’s future and the timing of a replacement. Powell confirmed subpoenas and described the inquiry as an attempt by Trump to pressure him to lower rates, prompting scrutiny from Republican senators like Thom Tillis. Trump publicly downplayed knowledge of the probe while aides argued Pirro disrupted months of efforts to dampen attacks on Powell; the investigation began in November and escalated after December emails and a subpoena. The episode could complicate Trump’s plan to appoint a more pliant Fed chair and may affect Powell’s own tenure, with bipartisan support rallying around Powell in response to what some see as an overreach into the Fed’s independence.
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.