Did Jerome Powell Try to 'Strongarm' His Way out of a Criminal Investigation?

 Jerome Powell, the Chairman of the Federal Reserve, led by U. S. Attorney Jeanine Pirro. This inquiry stems from concerns about alleged fraud regarding costly renovations of Fed buildings and Powell's statements to Congress. The investigation has faced challenges due to the political climate in Washington, D. C.

1. Criminal Investigation Context:

• The investigation is part of a broader effort by the Trump-era Department of Justice (DOJ) to secure indictments, complicated by the political make-up of D. C. grand juries which tend to lean Democratic.

2. Subpoenas Issued:

• In January, Pirro's office issued two grand jury subpoenas as part of the investigation into Powell and the Federal Reserve’s renovation project, which had significant cost overruns.

3. Lack of Cooperation from the Fed:

• Powell and the Federal Reserve did not respond to Pirro’s requests for information or cooperate with the subpoenas. Powell characterized the investigation as retaliation for the Fed's interest rate policies.

4. Legal Strategy of the Fed:

• The Fed’s legal team, including high-profile lawyers, sought to quash the subpoenas, arguing they were intended to influence monetary policy and were an abuse of the legal process.

5. Judge's Ruling:

• The case was overseen by Judge Jeb Boasberg, who granted the Fed's motion to quash the subpoenas, raising questions about fairness and political motives in the judiciary. He commented on the risks of being viewed as the president's adversary.

6. Allegations of Threats:

• A suggestion made during conversations between Powell’s attorney and Pirro suggested that Powell might step down from his position if the subpoenas were withdrawn, which raises concerns about potential obstruction or bribery.

7. Response from Pirro:

• Pirro condemned the judge's ruling, labeling it an act of judicial activism, and announced intentions to appeal the decision.

The investigation into Jerome Powell and the Federal Reserve continues to be contentious, marked by legal maneuvering, political implications, and allegations of misconduct. The situation reflects broader tensions between federal authorities and the Federal Reserve, particularly regarding monetary policy and accountability. 

https://www.declassified.live/p/did-jerome-powell-try-to-strongarm?utm_source=post-email-title&publication_id=1666532&post_id=191191497&utm_campaign=email-post-title&isFreemail=true&r=6dl2nb&triedRedirect=true&utm_medium=email