President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the presi
Federal prosecutors have launched a criminal probe Federal Reserve Chairman Jerome Powell, according to The New York Times.
The U.S. Attorney’s Office in Washington, D.C., is investigating “the central bank’s renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project,” the Times reported, citing officials briefed on the matter.
The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to President Donald Trump’s nomination of Kevin Warsh to replace him.
Jeanine Pirro, the top federal prosecutor in the District of Columbia, announced the decision to abandon the Powell probe on X.
Pirro said that Fed’s inspector general, an internal watchdog, had been asked to investigate cost overruns in the renovation of the central bank’s headquarters in Washington, which had been the purported basis for her criminal probe of Powell.
“The IG has the authority to hold the Federal Reserve accountable to American taxpayers,” Pirro said in her post.
“I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas,” she said.
“Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry,” Pirro said.
New grand jury seated as Donald Trump criminal probe continues
New grand jury seated as Donald Trump criminal probe continues
Image Source : AP/ REPRESENTATIONAL (FILE).
New grand jury seated as Donald Trump criminal probe continues.
New York prosecutors investigating former President Donald Trump’s business dealings have convened a new grand jury to hear evidence in the probe as the previous panel’s term was set to run out, a person familiar with the matter told The Associated Press on Thursday.
The development comes…
NY Criminal Probe Of Trump Organization Continues...
Jennifer Weisselberg says her former father-in-law Allen Weisselberg will 'flip' on Donald Trump, after prosecutors in New York said they ar
'To me a liar - a cheater is a liar is a thief and as far as I'm concerned, there's been nothing legal going on in the past 21 years' she said.
Her comments come after prosecutors in New York stated publicly that their investigation into the Trump Organization is a criminal probe. None of the officials identified have been charged with a crime.
Jennifer Weisselberg said there wasn't a distinction between Trump and the company that bears his name.
'Donald Trump and the Trump Organization are one and the same,' she said."
