Pirro's losses in Fed matter should stay on the books, judge rules
CNBC • • business
Key Points:
- A federal judge in Washington, Chief Judge James Boasberg, denied a request by U.S. Attorney Jeanine Pirro to erase the record of legal losses in her investigation of former Federal Reserve Chair Jerome Powell, reinforcing his earlier rulings against her efforts.
- Boasberg had previously halted parts of Pirro's investigation, ruling that it was partially intended to harass Powell on behalf of the president, who sought lower interest rates.
- Despite Pirro's agreement to close the investigation under political pressure, Boasberg expressed skepticism that the legal threat to Powell and the Fed had truly ended, noting Pirro could reopen the case.
- The judge criticized Pirro's inconsistent legal strategies and emphasized the importance of preserving court rulings to maintain legal precedents, rejecting the government's attempt to vacate his earlier decisions.
- The Federal Reserve declined to comment, and Pirro's office did not immediately respond regarding potential appeals following the order.