Prosecutors from Jeanine Pirro's office tried to access Federal Reserve headquarters, but were turned away

Prosecutors from Jeanine Pirro's office tried to access Federal Reserve headquarters, but were turned away

CBS News business

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.

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