The Federal Reserve has launched a behind-closed-doors legal challenge that could prevent U.S. Attorney Jeanine Pirro from completing a controversial probe into the Chair of the Federal Reserve, Jerome Powell.
America’s central bank has asked a judge to quash a pair of subpoenas Pirro issued as part of an investigation into allegations that Powell lied to Congress about the ballooning costs of renovations to Federal Reserve buildings.
The Fed made the request in sealed proceedings, The Wall Street Journal reported. If successful, the move could drastically reduce, or even eliminate, its obligation to respond to the subpoenas.
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