Prosecutors visit Fed HQ site; Trump threatens to fire Powell over renovation probe
Jerome Powell said the investigation is a pretext to undermine the Fed’s independence and has said he will remain on the board during it.
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Jerome Powell said the investigation is a pretext to undermine the Fed’s independence and has said he will remain on the board during it.
Republished from Scrippsnews, with credit to the original publisher.
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Federal prosecutors visited the Federal Reserve headquarters renovation site, but a prosecutor had previously said the investigation had found no evidence of a crime. President Donald Trump again threatened to fire Jerome Powell, while the investigation has delayed Senate consideration of Trump’s nominee to replace him.
Trump’s nominee to replace Powell
Senator opposing confirmation votes while the investigation continues
Right-leaning outlets like The Gateway Pundit focus on the DOJ investigation into Fed headquarters construction, framing Powell as "stonewalling" prosecutors. In contrast, left-leaning sources such as RawStory describe the move as a "vendetta" and highlight Powell’s commitment to protecting the central bank's independence from political interference.
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