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The Justice Department on Friday dropped its criminal investigation into Fed Chairman Jerome Powell. This clears the way for Trump’s Fed Chair nominee Kevin Warsh to be confirmed. Senator Thom Tillis vowed to block Trump’s Fed Chair confirmation until the Justice Department dropped its investigation into Powell. US Attorney Jeanine Pirro made the announcement on Friday morning: "This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers. The IG has the authority to hold the Federal Reserve accountable to...

The Justice Department on Friday dropped a criminal investigation into the Federal Reserve and its leader, Chair Jerome Powell, regarding a renovation project at the central bank's Washington headquarters. "This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions of dollars – that have been borne by taxpayers," said U.S. Attorney for D.C. Jeanine Pirro in a post on X. "Accordingly, I have directed my office to close our investigation as the IG undertakes this inquiry."

A US district judge on Friday denied the Trump administration’s request to reconsider the legality of two subpoenas targeting the Federal Reserve, after he blocked them last month. In a biting six-page opinion, US District Judge James Boasberg wrote that the government had failed to provide any new evidence or identify any error in his March ruling. The chief judge of Washington’s federal trial court wrote that the government’s “cursory brief” does “not come close to convincing the Court that a different outcome is warranted.” *** Last month, US Attorney Jeanine Pirro appealed the initial ruling, which blocked two subpoenas...

Jeanine was on fire during the press interview regarding DOJ wanting to summon grand jury to investigate $1 Billion cost overrun by the FED to renovate office building. Jeanine really schooled the reporters about this being a prosecutors discretionary activity as established by SCOTUS and nothing to do about politics.

Can Trump finally bring the gravy train to a screeching halt? During the Biden years, as inflation soared, Jerome Powell somehow said that inflation was transitory: Powell flirts again with a dangerous way to describe inflation: ‘Transitory’A fraught word resurfaced in the Federal Reserve’s lexicon again this week: ‘transitory.’ Yet somehow, he never blamed Biden’s energy policies (hundreds of billions in subsidies), open borders (hundreds of billions for various programs for illegals), or bureaucratic regulations, which all directly contributed to massive amounts spending, which in turn, created inflation when the Fed created the dollars needed for the bill. One of...

President Donald Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell. Sen. Thom Tillis, R-N.C., said Sunday he will block any Trump appointees to the central bank, including for the new chair, in light of revelations over the weekend that the Justice Department is investigating Powell for potential perjury charges. “If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none. It is now the independence and credibility of...

U.S. Attorney for the District of Columbia Jeanine Pirro on Sunday appeared to abandon a plan to appeal an adverse ruling in her attempts to criminally investigate Federal Reserve Chair Jerome Powell. Pirro has long said she planned to ask a higher court to review recent rulings by Chief Judge James Boasberg of the District of Columbia quashing her subpoenas to the Fed. She has argued that the judge’s decision makes it difficult for her to conduct grand jury investigations in general. Her appeal was due by Monday. ...... Boasberg ruled against Pirro because her office presented no specific evidence...

WASHINGTON (AP) — Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month “for a period of time, to be determined,” saying the “unprecedented” legal attacks by the Trump administration have put the independence of the nation’s central bank at risk. “I worry these attacks are battering this institution and putting at risk the things that really matter to the public,” Powell said in remarks at a press conference after the Fed announced its decision to keep its benchmark interest rate unchanged. Powell’s decision to stay —...

Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not confirmed by the time his term is up in May, as dictated by the law. Separately, Powell said he will not leave his Board of Governors position, which technically extends until early 2028, until the Department of Justice investigation of him is “well and truly over with transparency and finality.” Powell said during his Wednesday press conference that he would serve as “chair pro tem” if Warsh, President Donald Trump’s pick to take over the role,...

Government Oversight Committee...transcribed interview...jail guard...Jeffrey Epstein died... "West Bank" attacks by Israeli nationalist settlers on Palestinians... Debris from an attacking Ukrainian drone igniting a fire... explosions reported in Kiev... Israel reported...planning a major ground invasion... Cuba's Communist ruler...confirming talks with the United States... federal district judge quashing subpoenas...probe of...Jerome Powell... Richard Grenell leaving his post a director of the Trump Kennedy Center... US airstrikes in Baghdad tonight aimed at Iraqi groups... missile attack on Israel... Saudi Arabia...shot down six attacking Iranian drones... five US refueling planes damaged in an Iranian attack... 13 members of he US military killed so far......

A federal judge on Friday said he was blocking subpoenas that the Justice Department served to Federal Reserve Chair Jerome Powell in a probe purported to be about the management of the central bank's renovation. "A mountain of evidence suggests that the Government served these subpoenas on the Board to pressure its Chair into voting for lower interest rates or resigning," Judge James Boasberg, the chief judge on the U.S. District Court for Washington, D.C., wrote in a court filing. Boasberg continued: "On the other side of the scale, the Government has produced essentially zero evidence to suspect Chair Powell...

Independence at the Federal Reserve? Only sometimes, it seems.was rocked by Health and Human Services Secretary Robert F. Kennedy Jr. Then, the progressive lawmaker exposed her hypocrisy at a confirmation hearing involving Stephen Miran, President Donald Trump’s pick to join the Federal Reserve Board temporarily. While Warren shrieked in the upper chamber about central bank independence, she forgot to talk about her own list of demands to Fed Chair Jerome Powell.Elizabeth Warren Talks to Stephen MiranLast month, Fed Governor Adriana Kugler abruptly resigned from the Eccles Building, effectively vacating a seat at the powerful establishment. Days later, President Trump unveiled...

President Donald Trump on Friday formally nominated former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as chair of the U.S. central bank, bringing a turbulent and politically charged transition at the Fed closer to resolution. The decision concludes a months-long search process that unfolded amid extraordinary pressure on the Federal Reserve, rising concerns over inflation persistence, and growing debate about the future independence of the central bank. Trump announced the nomination in a Truth Social post, praising Warsh as a steady and capable choice during a volatile period for monetary policy. “I have known Kevin for a long...

As President Trump has argued his case against Federal Reserve Chairman Jerome Powell in the public square, high-ranking members of the global banking community have rallied to Powell’s defense. Trump’s argument is that Powell is either incompetent or improperly partisan, as he dithered while a Democratic regime spent the country into oblivion and now he’s refused to accelerate needed reductions in interest rates during a Republican administration. In Trump’s eyes, there has to be a reason for that, and it’s unacceptable behavior. On top of that, Powell’s supervision of the renovation of the Fed’s national headquarters (the Eccles Building) has...

Tensions between a president and a Federal Reserve chairman are nothing new. Up until now, they may have reached a peak when Lyndon Johnson shoved William McChesney Martin at the LBJ ranch. Martin gave in a while later, another step into the inflationary quagmire from which the U.S. emerged only after Paul Volcker reasserted the Fed’s independence. However bad that Texas moment, it falls far short of the Department of Justice’s serving the Federal Reserve with grand jury subpoenas on Friday. They relate to testimony given to the Senate Banking Committee concerning an over-budget renovation project and come with the...

In the annals of political lawfare there’s dumb, and then there’s the criminal subpoena federal prosecutors delivered Friday to Federal Reserve Chairman Jerome Powell. President Trump would do himself and the country a big favor by firing those responsible for this fiasco. The subpoena relates to testimony Mr. Powell gave to Congress in June concerning renovations to the Fed’s office buildings in Washington, D.C. Those renovations raised a brief ruckus over the summer after Administration officials such as Russ Vought of the Office of Management and Budget accused the Fed of running over budget on a needlessly grandiose project. Fair...

Lost in the hysterical media bleating about a new criminal investigation into Jerome Powell is any attempt to report fairly on his alleged transgressions. The singular lens through which the investigation is being reported in many openly and not-so-openly left leaning outlets is that it is Donald Trump’s revenge after Powell refused to do as instructed and lower interest rates. But the aperture needs to be widened to see the full picture: the case is about more than the Chair of the Federal Reserve not bending the knee. It is about Powell’s competency as the nation’s chief money man after...

Powell confirmed in an unusual direct video statement Sunday evening that federal prosecutors have opened a criminal investigation related to his Senate Banking Committee testimony on the renovation of Fed office buildings.

Federal Reserve Chair Jerome Powell said Sunday that the Justice Department subpoenaed the central bank Friday with the threat of a criminal indictment, the latest move in a yearlong pressure campaign from the Trump administration. Powell said the threatened indictment related to his testimony before the Senate in June about the renovation of Federal Reserve office buildings. "No one — certainly not the chair of the Federal Reserve — is above the law," Powell said. "But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure."

Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, The New York Times reported on Sunday evening, citing officials briefed on the matter. The probe is eyeing “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 those officials. The investigation is being overseen by the U.S. Attorney’s Office for the District of Columbia, according to the newspaper. That office is led by U.S. Attorney Jeanine Pirro, a former New York state prosecutor and Fox News host, who was appointed to...