Pirro's Jerome Powell Fed investigation is hitting roadblocks

Key Points:

• Federal prosecutors led by U.S. Attorney Jeanine Pirro continue investigating alleged malfeasance in Federal Reserve building renovations and Chair Jerome Powell's related testimony, despite recent judicial setbacks.
• Chief Judge James E. Boasberg ruled that prosecutors failed to provide sufficient evidence to justify subpoenas to the Fed, quashing them and denying an immediate appeal, with a 30-day window for Pirro to challenge the ruling.
• The investigation's outcome is linked to the Senate confirmation of former Fed Governor Kevin Warsh as Powell's replacement, with Senator Thom Tillis blocking the nomination until the probe concludes.
• Legal experts suggest the investigation lacks evidence to survive judicial scrutiny, and the court demands concrete proof of wrongdoing, which prosecutors have yet to present.
• Meanwhile, former President Trump has criticized Powell and hinted at firing him if he does not leave on time, while Pirro remains a potential candidate for attorney general but states satisfaction with her current role.