"If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none. It is now the independence and credibility of the Department of Justice that are in question. I will oppose the confirmation of any nominee for the Fedincluding the upcoming Fed Chair vacancyuntil this legal matter is fully resolved."
"And shortly before the NYT report, Powell released a two-minute video where he said the probe was due to his unwillingness to lower interest rates, not the renovation. Powell described it as a consequence of not adhering to the president's demands. He also said the DOJ served the Federal Reserve with grand jury subpoenas on Friday over his testimony to the Senate Banking Committee last year on the renovation project. Trump has routinely bashed Powell for not moving quickly enough in his view to cut rates and has branded him with the nickname Too Late. The NYT reported the investigation was spearheaded by Jeanine Pirro and included an analysis of Powell's public statements and an examination of spending records."
A criminal investigation targets Federal Reserve Chair Jerome Powell over the multi-year renovation of the Fed building. Senator Thom Tillis announced opposition to confirming any Federal Reserve nominees, including the upcoming Fed Chair vacancy, until the legal matter is fully resolved, citing threats to Fed and Department of Justice independence and credibility. Powell released a two-minute video asserting the probe stems from his unwillingness to lower interest rates and from not adhering to presidential demands. The Department of Justice served the Federal Reserve with grand jury subpoenas related to Powell's Senate testimony on the renovation. Reporting indicates Jeanine Pirro led the probe and investigators reviewed public statements and spending records.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]