Pirro Says Fed IG Findings Will Dictate Future of Powell Probe
U.S. Attorney Jeanine Pirro said the future of her investigation into Federal Reserve Chair Jerome Powell will depend on the Fed inspector general's findings after a judge halted the probe. Pirro said that if the Fed inspector general finds no wrongdoing in the headquarters-renovation cost overruns, that would end the matter.
Separately, Treasury Secretary Scott Bessent said it was Powell's decision whether to remain on the Federal Reserve, but that doing so would violate norms. He added that he was optimistic Powell would eventually move on from the Fed.
From the sources (11 posts)
@firstsquawkU.S. ATTORNEY PIRRO SAYS JUDGE STOPPED FED INVESTIGATION, SO DEFERRED TO FED IG
@firstsquawkU.S. ATTORNEY PIRRO SAYS FUTURE OF FED INVESTIGATION DEPENDS ON WHAT FED IG DOES
@deitaoneBESSENT: VERY OPTIMISTIC ABOUT A WARSH LED FEDERAL RESERVE
@deitaoneBESSENT: IT'S POWELL'S DECISION TO STAY ON FED, BUT IT VIOLATES NORMS
@deitaoneBESSENT: OPTIMISTIC POWELL WILL EVENTUALLY MOVE ON FROM FED 'OVER SHORT TERM'
@firstsquawkUS Treasury Secretary Bessent: very optimistic about warsh-led Federal Reserve
@firstsquawkUS Treasury Secretary Bessent: Powell's choice to remain on Fed breaches conventions
@firstsquawkUS Treasury Secretary Bessent: optimistic Powell will ultimately step down from Fed in near term
@firstsquawkBESSENT SAYS IT'S POWELL'S DECISION TO STAY ON FED, BUT IT VIOLATES NORMS
@reutersUS Attorney Pirro says Fed IG's findings will dictate future of her Powell probe
@cnbcPirro appears to drop plans to appeal criminal investigation of Fed Chair Powell