Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The New York Times • • business
Key Points:
- Prosecutors sent by Jeanine Pirro, U.S. attorney for the District of Columbia, made an unexpected visit to the Federal Reserve’s $2.5 billion construction site amid an investigation into the central bank.
- The visit highlights Pirro’s aggressive pursuit of an inquiry into Fed Chair Jerome Powell, who has faced criticism from President Trump for not lowering interest rates as aggressively as Trump desires.
- The investigation complicates the confirmation process for Kevin M. Warsh, Trump’s nominee to replace Powell, with Senate Banking Committee member Senator Thom Tillis threatening to block Warsh’s advancement unless the investigation is dropped.
- During the visit, Pirro’s deputies were denied entry by construction workers due to lack of prior permission and adherence to safety protocols, underscoring the unusual and tense nature of the confrontation.
