"I have directed my office to close our investigation as the [inspector general's office] undertakes this inquiry. Note well, however, that I will not hesitate to restart a criminal investigation should the facts warrant doing so."
"This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions or whether instead monetary policy will be directed by political pressure or intimidation."
"Let's get rid of the investigation so I can support your nomination, Tillis told Warsh during his Senate hearing on Tuesday."
"Whether it's incompetence, corruption or both, I think you have to find out."
The US Department of Justice has closed its criminal investigation into Federal Reserve chair Jerome Powell, facilitating the confirmation of Donald Trump's new nominee. Jeanine Pirro announced the closure, stating that the investigation into Fed renovations was a pretext for political pressure on monetary policy. Powell emphasized the importance of setting interest rates based on economic conditions rather than political intimidation. Bipartisan criticism arose regarding the investigation, with Republican Senator Thom Tillis indicating he would block Trump's nominee until the investigation concluded.
Read at www.theguardian.com
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