Prosecutors press Fed access as Trump singles out Powell over chair tenure
TL;DR
Prosecutors sought access to the Federal Reserve building amid a DOJ probe into a $2.5 billion Fed renovation, as President Donald Trump again threatens to fire Fed Chair Jerome Powell once his term as chair ends next month; Powell says he will remain as chair until a successor is confirmed and argues the investigation is a pretext to undermine Fed independence. The situation unfolds against broader debates about the Fed’s autonomy and comes as the Supreme Court weighs a separate case involving another central bank governor, Lisa Cook.
- Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month AP News
- Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation The New York Times
- As Trump threatened to fire Powell, federal prosecutors showed up unannounced at the Federal Reserve building PBS
- DOJ officials attempt to 'tour' the Fed's renovations as probe stalls NBC News
- Justice Department officials turned away from Fed construction site The Washington Post
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