U.S. Attorney for the District of Columbia, Jeanine Pirro, has criticized Federal Reserve Chair Jerome Powell, asserting that “no one is above the law” in light of a new investigation into the Federal Reserve. During an appearance on “Hannity,” Pirro conveyed that the investigation is simply part of their responsibilities, remarking, “The Chairman is saying, ‘You’re attacking the independence of the Fed.’ That’s not what we’re doing. We’re doing our job.”
“It’s disheartening,” she continued, “that some believe certain individuals should be exempt from scrutiny. I wonder about those within our own party who claim this is wrong. Are there really people we can’t investigate? That’s not what America stands for.”
The investigation is examining whether Powell was honest during his congressional testimony regarding renovations at two significant Fed buildings in the National Mall. While no charges have been made, Powell denies any wrongdoing.
President Trump expressed his fondness for the Justice Department’s focus on Powell, although he acknowledged that it might appear retaliatory.
Pirro expressed concern over a reported $1 billion cost overrun and alleged that Powell misled Congress. She stated that her office has pursued the investigation after her attempts to contact Powell went unanswered.
“As U.S. Attorney for the District of Columbia,” she mentioned, “I am tasked with investigating and prosecuting federal crimes in the area.”
Some Republican senators have suggested that Powell may want to consider resigning to avoid potential criminal charges.
In her remarks, Pirro mentioned that her requests to the Fed were legal, claiming that Powell had politicized the issue rather than addressing it legally. She affirmed her commitment to uncovering the truth and making evidence public when available.
Powell responded to the investigation in a video statement, describing it as “unprecedented” and suggesting it reflects ongoing attempts to influence the Federal Reserve. He emphasized that decisions regarding interest rates are based on public interest assessments rather than political motives.
This investigation comes as Powell’s term is set to expire in May, with speculation about a Trump-aligned successor. The president is reportedly down to four potential candidates for the position: Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder.
