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Trump says investigation into Fed's Powell should be taken to the end
Trump criticized $2.5 billion Fed HQ renovation as incompetence or theft and urged DOJ to continue criminal probe into Powell amid potential delays for Warsh's confirmation.
- On Monday, President Donald Trump said the Justice Department will not drop its criminal investigation into Federal Reserve Chairman Jerome Powell and told reporters in the Oval Office that U.S. Attorney Jeanine Pirro should continue the probe.
- The Federal Reserve's multibillion-dollar overhaul faces scrutiny as cost overruns, estimated at $2.5 billion, stem from unexpected construction challenges and inflation during the renovation.
- On Jan. 11, Powell defended the renovation, saying `We decided to take it on because, honestly, when I was the administrative governor, before I became chair, I came to understand how badly the Eccles Building really needed a serious renovation`.
- Kevin Warsh's confirmation could be delayed as Sen. Thom Tillis, R-N.C., said last week he will oppose confirming any Federal Reserve nominee until the Powell investigation is resolved, and a committee hold could force a 60 votes discharge.
- Trump said the Justice Department should continue its probe, citing CNBC that the Fed has not yet complied with grand jury subpoenas issued as part of Pirro's investigation.
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Trump says Powell probe should continue: 'Take it to the end and see'
Trump said he wants to continue the probe into Jerome Powell.Chip Somodevilla/Getty ImagesTrump wants to pursue the probe into Jerome Powell "to the end."Earlier in January, the DOJ served the Federal Reserve subpoenas threatening criminal indictment.Trump has already picked Powell's successor, former Fed governor Kevin Warsh.President Donald Trump wants the probe into Federal Reserve Chair Jerome Powell to continue.In the Oval Office on Monday,…
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The New York Ledger
The New York LedgerTrump says probe of Fed’s Powell should continue despite threats to block successor
President Trump said Monday the Justice Department should not drop its criminal probe into Federal Reserve Chairman Jerome Powell, even if it means a harder path to confirmation for his replacement pick, Kevin Warsh.
·United States
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Coverage Details
Total News Sources18
Leaning Left1Leaning Right5Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
C 57%
R 36%
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