Roll Call - The Trump administration vowed Friday to appeal a ruling from a federal
judge that an investigation into Federal Reserve Chair Jerome Powell was likely
politically motivated and blocked a grand jury subpoena.
Jeanine Pirro, the U.S. attorney for the District of Columbia, made the
announcement at a news conference as the ruling was unsealed Friday. Her office
has reportedly been investigating Powell’s 2025 testimony before the Senate
Banking Committee about cost overruns on renovations to the Federal Reserve’s
building.
Judge James E. Boasberg of the U.S. District Court for the District of
Columbia issued the decision on Wednesday and said he would unseal it Friday.
The judge cited months of statements by President Donald Trump pressuring
Powell to make decisions to lower interest rates and criticizing Powell.
Boasberg also said Pirro appeared to act at Trump’s direction to
initiate the investigation. “A mountain of evidence suggests that the
Government served these subpoenas on the Board to pressure its Chair into
voting for lower interest rates or resigning,” Boasberg wrote.
“On the other side of the scale, the Government has produced
essentially zero evidence to suspect Chair Powell of a crime; indeed, its
justifications are so thin and unsubstantiated that the Court can only conclude
that they are pretextual,” Boasberg wrote.
No comments:
Post a Comment