Pirro keeps pressure on Fed's Powell despite dropping probe
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The U.S. attorney is expected to imminently appeal a ruling blocking her investigation of the Fed's cost overruns.
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U.S. Attorney for the District of Columbia Jeanine Pirro may have suspended her criminal investigation into outgoing Federal Reserve Chair Jerome Powell , but she and her office remain at the center of the power struggle over the influential central bank. How she handles an imminent appeal will help determine the extent of President Donald Trump 's influence on the Fed. Pirro has until Monday to appeal District of Columbia Chief Judge James Boasberg's rulings quashing her subpoenas to the Fed. What her office says in the filing will be critical in determining how long Powell stays on the Fed after his chairmanship ends, and therefore when Trump is able to appoint a new Fed governor to replace him. It could also determine whether the effective ceasefire between Trump and the Fed settles in, or if hostilities recommence, potentially unsettling markets . The Department of Justice didn't respond to requests for comment. The Fed declined to comment. Read more CNBC politics coverage Republicans could still win the House in the 2026 midterm election: Scalise Democrats urge CFTC to rein in prediction markets sports betting, insider trading Analysis: The Warsh revolution is coming. Powell won’t stand in the way. Pirro said on April 24 she would close the investigation while Fed Inspector General Michael Horowitz looked into the renovation costs. But she left herself plenty of room to reopen it. "I will not hesitate to restart a criminal investigation should the facts warrant doing so," Pirro said in an X post. Trump said shortly after that he thought the investigation was still going. "It's not dropped," Trump told reporters on April 25. The Justice Department by tradition operates independently of the president, but in Trump's second term it has pursued cases against his perceived political opponents. Former FBI Director James Comey was indicted this week for a second time after a judge in November dismissed a prior charge. Pirro wants an appeals court to overturn Boasberg'...
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