US Prosecutors Make Surprise Visit To Fed HQ Renovation Project
Senator Thom Tillis is blocking the confirmation of a new Fed Chair until the DOJ investigation into Powell is resolved.
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Senator Thom Tillis is blocking the confirmation of a new Fed Chair until the DOJ investigation into Powell is resolved.
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Federal prosecutors visited the Federal Reserve HQ to investigate whether Chair Jerome Powell lied to Congress about a $2.5 billion renovation project. The probe has stalled the confirmation of Powell's successor as political tensions between the Fed and the executive branch escalate.
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Outlets across the spectrum report on Senator Tillis's refusal to confirm Fed nominees until the DOJ probe into Jerome Powell is resolved. Left-leaning sources like RawStory emphasize Tillis's sharp rhetoric calling the investigation a "bogus" revenge crusade, while Fox News frames the situation as a deepening "tiff" between the Senator and President Trump that threatens the new chair's confirmation.
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