Prosecutors from Jeanine Pirro's office tried to access Federal Reserve headquarters, but were turned away
Key Points:
- Prosecutors from U.S. Attorney Jeanine Pirro's office made an unannounced visit to the Federal Reserve's headquarters to inspect ongoing renovations, which are under a criminal investigation related to Fed Chair Jerome Powell.
- The prosecutors were denied access and directed to contact the Fed's legal team; the visit was deemed highly unorthodox and reminiscent of previous controversial actions by Pirro's office.
- The investigation centers on a $2.5 billion renovation project and subpoenas issued to Powell, which were quashed by a judge who ruled the probe was a pretext to pressure Powell over interest rate decisions.
- Powell and the Federal Reserve have denied wrongdoing, with Powell characterizing the investigation as politically motivated intimidation linked to his monetary policy stance.
- The prosecutors involved have a history of pursuing politically charged cases, including a failed attempt to indict congressional Democrats, while the Fed declined to comment on the incident.