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Fed urges judge to deny bid to resurrect Jerome Powell probe subpoenas
The Federal Reserve's Board of Governors urged a judge to reject prosecutors' request that he reconsider his decision to quash subpoenas issued in a criminal investigation of Chair Jerome Powell. U.S. Attorney Jeanine Pirro's prosecutors say they are investigating Powell over cost overruns in renovations of the Fed's headquarters in Washington and his congressional testimony about that project.
The Federal Reserve's Board of Governors urged a judge to reject prosecutors' request that he reconsider his decision to quash subpoenas issued in a criminal investigation of Chair Jerome Powell. U.S. Attorney Jeanine Pirro's prosecutors say they are investigating Powell over cost overruns in renovations of the Fed's headquarters in Washington and his congressional testimony about that project.