Horrendous': CNN's Elie Honig Reminds Trump That His Payback' Prosecutions Have Failed Miserably'

"The New York Times reported that The U.S. attorney's office in the District of Columbia has opened a criminal investigation into Jerome H. Powell, the Federal Reserve chair, over the central bank's renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project, according to officials briefed on the situation, on Sunday. Powell said in video statement that the investigation was a consequence of the Fed's refusal to lower interest rates in concert with the president's demands."

"Well, in a word I'd say payback, Kasie. I don't really think that's all that controversial. When you see multiple Republican members of the Senate and the House coming forward as you highlighted in the introduction, basically saying this is uncalled for. Kristen Holmes just reported that there's people inside the White House who don't want to see this, answered the former federal prosecutor. He continued: And I think there's a couple things really motivating the pushback."

The U.S. attorney's office in the District of Columbia opened a criminal investigation into Federal Reserve Chair Jerome H. Powell over the Fed's Washington headquarters renovation and whether Powell lied to Congress about the project's scope. Powell said the investigation resulted from the Fed's refusal to lower interest rates to satisfy the president. CNN senior legal analyst Elie Honig characterized the move as political payback, noting bipartisan concern for Federal Reserve independence and citing a poor recent record of payback prosecutions, including failed cases against Letitia James and Jim Comey.

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