Updated
Updated · Bloomberg · Apr 22US Attorney Pirro Presses On with Fed Cost Overrun Investigation
2 articles · Updated · Bloomberg · Apr 22
- US Attorney Jeanine Pirro is continuing her investigation into Federal Reserve building-renovation cost overruns.
- Pirro is pursuing legal action to serve subpoenas to the central bank as part of a criminal probe.
- The investigation also covers congressional testimony by Fed Chair Jerome Powell regarding the renovation costs.
How will the stalled confirmation of a new Fed Chair affect future US monetary policy? How can an investigation proceed when a judge rules it has 'zero evidence' and an improper purpose? Is a $600 million cost overrun a sign of corruption or typical for a large government project? What happens to the economy if the Federal Reserve's independence is compromised by political pressure? What precedent is set when prosecutors visit a site after courts have blocked their subpoenas? Can Fed Chair Powell legally remain in his role after his term ends if a successor is not confirmed?