U.S. Attorney Jeanine Pirro has issued an ultra-defensive statement after her office’s disputed investigation into Federal Reserve Chair Jerome Powell drew major backlash.
Pirro, a former Fox News host whom Donald Trump handpicked as the top federal prosecutor in Washington, D.C., is leading the investigation into Powell—an inquiry that even Republican lawmakers have blasted as a revenge plot against one of the president’s adversaries that threatens the independence of America’s central bank.
The probe centers on the cost of renovating historic Federal Reserve office buildings and on testimony Powell gave to the Senate Banking Committee in 2025. In a damning statement, Powell said the Fed made “every effort to keep” Congress informed about the project and that the “threat” of criminal charges is rooted in the Federal Reserve’s refusal to bow to Trump’s pressure to cut interest rates when he wanted them to.
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