Judge keeps Pirro-Fed probe losses on the books, won’t vacate ruling

A Washington, D.C. federal judge refused to vacate his prior rulings against Prosecutors’ attempts to subpoena the Federal Reserve in the Pirro-led inquiry into Fed cost overruns, keeping the government’s losses on the record as Pirro’s probe was dropped under political pressure. The judge criticized the effort as potentially harassing Powell, and noted the public value of the record; Powell’s successor, Warsh, was later confirmed to chair the Fed’s rate-setting committee.