politics
Pirro could reopen Fed probe at any time, Democratic senators warn
Sens. Elizabeth Warren and Dick Durbin, in a letter obtained first by CNBC, question Jeanine Pirro's mention of reopening a probe of Fed Chair Jerome Powell.
TL;DR
- Democratic Senators Elizabeth Warren and Dick Durbin are questioning U.S. Attorney Jeanine Pirro's decision to pause a criminal investigation into Federal Reserve Chair Jerome Powell.
- Pirro stated the investigation is paused pending an inquiry by the Fed's inspector general into renovation cost overruns, but could be restarted if facts warrant.
- The senators are concerned the pause is politically motivated and could be used to relaunch the probe if it becomes 'politically expedient'.
- Powell had previously received subpoenas from Pirro's office, which he denounced as a pretext for the Trump administration's displeasure with his interest rate policies.
- Prosecutors had previously told a judge they lacked specific evidence of wrongdoing, leading to the quashing of the subpoenas.