Democratic senators warn Pirro could reopen Powell criminal investigation

11 articles · Updated · CNBC · Apr 24

Senators Elizabeth Warren and Dick Durbin sent a letter to U.S. Attorney Jeanine Pirro expressing concern after Pirro paused, but did not close, the DOJ probe into Fed Chair Jerome Powell.
Pirro stated the investigation was halted as the Fed's inspector general examines renovation cost overruns, but she may restart it if warranted. The senators question potential political motivations and seek details on the decision process.
Powell previously denounced the subpoenas as politically motivated, and a judge quashed them for lack of evidence. Senate confirmation of Kevin Warsh as Powell's replacement remains stalled amid ongoing concerns.

What precedent is set when a federal prosecutor pauses a probe into another government entity?

Does the pause clear the path for confirming a new Federal Reserve Chair?

What legal standard allows an internal audit to restart a federal criminal investigation?

How are project cost overruns investigated without threatening an institution's independence?

How does leadership uncertainty at the central bank impact national economic stability?

After a judge cited 'zero evidence,' what is the basis for potentially reopening the case?