DOJ opens CRIMINAL PROBE on POWELL?

Update: DOJ admits in court they don't have sufficient evidence of misconduct by Powell.

Prosecutor admits government lacks evidence of misconduct by Fed chair​

The admission during a closed-door hearing undercuts President Donald Trump’s claims of “criminality” in the central bank’s $2.5 billion office renovations.


A top deputy to U.S. Attorney Jeanine Pirro acknowledged in a closed-door hearing this month that the Justice Department did not have evidence of wrongdoing in its criminal investigation of the Federal Reserve over the cost of its building renovations, according to a transcript of the court proceedings.

The prosecutor’s admission, which has not been previously reported, undercuts President Donald Trump’s claim that “there is criminality” in the $2.5 billion overhaul of the Fed’s headquarters overlooking the National Mall.

Attorneys for the Fed and the U.S. attorney’s office in D.C. battled over the legality of two grand jury subpoenas at the center of the investigation during a sealed hearing March 3. A transcript of the proceedings was later unsealed. Both subpoenas were quashed this month by a federal judge, who described them as an illegal effort by the Trump administration to pressure Fed Chair Jerome H. Powell to lower interest rates or resign from the independent central bank.
 

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