Frustration mounts inside White House over Pirro’s handling of Powell investigation
CNN • • business
Key Points:
- White House officials blame DC US Attorney Jeanine Pirro for unexpectedly launching a criminal investigation into Fed Chair Jerome Powell, causing disruption and forcing the administration into damage control.
- The investigation, which Powell confirmed involved grand jury subpoenas, has unsettled the White House's plans for Powell's remaining term and complicated efforts to confirm a new Fed chair favored by President Trump.
- Trump has publicly criticized Powell and the investigation but denied knowledge of the probe; some Republican senators, including Sen. Thom Tillis, have expressed opposition to confirming a new Fed chair while the inquiry is ongoing.
- Powell responded publicly to the investigation, calling it unprecedented and politically motivated, which garnered bipartisan support from former Fed chairs and Treasury secretaries who condemned the probe as an attack
