The Justice Department has said it will not appeal a federal judge’s ruling that quashed two subpoenas to the Federal Reserve and its chairman, signaling a retreat in the politically charged probe of the central bank.
Facing a Monday deadline, U.S. Attorney Jeanine Pirro appears to abandon plans to appeal Judge Boasberg’s ruling in her criminal probe of Federal Reserve Chair Jerome Powell and will instead file a motion to vacate, signaling a strategic shift away from demanding Fed documents on cost overruns as she weighs next steps and awaits Inspector General Horowitz’s report.
U.S. Attorney Jeanine Pirro posted surveillance footage she claims shows Cole Tomas Allen firing a shotgun at a Secret Service officer during the White House Correspondents’ Dinner, moments before his arrest. Prosecutors say the investigation is ongoing and ballistics analysis isn’t complete, while defense lawyers have questioned whether a muzzle flash occurred. The extended video shows Allen running through a security checkpoint with a shotgun as an officer fires; experts dispute whether a visible muzzle flash would be expected. Allen, 31, is charged with attempting to assassinate the president, transporting firearms across state lines, and discharging a firearm during a violent crime, with additional charges possible as the case develops.
Democratic Sens. Elizabeth Warren and Dick Durbin criticize U.S. Attorney Jeanine Pirro for pausing rather than closing the criminal probe into Fed Chair Jerome Powell, saying the investigation could be relaunched if warranted. Pirro says the Fed inspector general will investigate cost overruns on a Fed renovation and she could restart the case if facts justify it. Powell previously received subpoenas from Pirro’s office, which he called a pretext, and the Fed declined comment as Warsh’s nomination proceeds amid GOP opposition.
DC U.S. Attorney Jeanine Pirro’s investigation into the Federal Reserve over costly renovations and Powell’s testimony is stalled after a judge quashed subpoenas for lack of evidence. Pirro has a 30-day window to appeal, leaving the probe’s fate uncertain as Warsh’s nomination to replace Powell stalls amid bipartisan opposition and Trump’s criticisms of Powell.
A DOJ probe into the Fed’s headquarters renovations, led by Jeanine Pirro, complicates Kevin Warsh’s bid to become Fed chair as Jerome Powell’s investigation continues, prompting Republican hesitancy and Democratic resistance in the Senate and underscoring tensions between political influence and Fed independence as Powell’s term nears its end.
President Trump says the criminal investigation into Federal Reserve Chair Jerome Powell should continue, urging U.S. Attorney Jeanine Pirro to pursue it to the end despite Sen. Thom Tillis’s vow to oppose any new Fed chair nominee until the probe is resolved; Tillis’s stance could block Kevin Warsh’s nomination for Fed chair. CNBC reports the Fed has not yet complied with grand jury subpoenas tied to Pirro’s probe, while the Fed defends the Washington HQ renovation as a cost-saving measure and Powell’s term ends in May.
Lawfare argues the DOJ’s grand jury subpoenas to Federal Reserve Chair Jerome Powell are a pretextual, politically motivated move to intimidate him, not a legitimate criminal inquiry. It outlines the renovation-cost backdrop of Powell’s June 2025 testimony, notes inspector general scrutiny, and contends there’s no credible predicate for charges like perjury or false statements, warning the episode signals prosecutorial overreach that could backfire on Trump allies.
White House officials blame U.S. Attorney Jeanine Pirro for blindsiding the administration with a criminal probe into Federal Reserve Chair Jerome Powell, triggering a damage-control push as markets react and lawmakers weigh Powell’s future and the timing of a replacement. Powell confirmed subpoenas and described the inquiry as an attempt by Trump to pressure him to lower rates, prompting scrutiny from Republican senators like Thom Tillis. Trump publicly downplayed knowledge of the probe while aides argued Pirro disrupted months of efforts to dampen attacks on Powell; the investigation began in November and escalated after December emails and a subpoena. The episode could complicate Trump’s plan to appoint a more pliant Fed chair and may affect Powell’s own tenure, with bipartisan support rallying around Powell in response to what some see as an overreach into the Fed’s independence.
Jeanine Pirro, the U.S. attorney for the District of Columbia, subpoenaed the Federal Reserve and shows no plans to back down from a probe into Fed Chair Jerome Powell, even as GOP lawmakers and President Trump voice skepticism. The inquiry centers on Powell’s congressional testimony about renovations to the Fed’s headquarters and cost overruns, and Pirro says her office had contacted the Fed repeatedly before pursuing legal avenues. The developments prompted a mixed market response and raised questions about Fed independence amid political pressure.