"Pirro approved an examination of the Fed's spending records, particularly as they concern renovations at the bank's Washington, D.C. headquarters. President Donald Trump has repeatedly alleged that Powell has mismanaged the project's finances and claimed the chairman misled Congress about them. In response, Powell released a video in which he said the renovations are the pretext for the criminal probe, which he says is payback for not lowering interest rates more drastically, as Trump has repeatedly demanded."
"My view, Kevin, he was a very poor, very political Fed chairman. Very bad. One of the worst we've ever had. Is he a criminal because of cost overruns? Well, you'd have to put everybody in jail in Washington D.C. So, my first question to you is, why not go to President Trump and say, you know, Sir, somebody got a little carried away here."
The U.S. Attorney's Office for the District of Columbia is examining Federal Reserve spending records tied to renovations at the Fed's Washington headquarters under the approval of Jeanine Pirro. President Donald Trump has alleged Powell mismanaged renovation finances and misled Congress. Powell released a video calling the renovations a pretext and claiming the probe is retaliation for resisting deeper rate cuts. Powell's term ends in May. Larry Kudlow criticized the criminal investigation on his Fox Business program and suggested advising Trump to step back. Senator Kevin Cramer agreed, and Brit Hume tied the dispute to interest rates.
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