A major showdown is taking place in Washington on Friday afternoon.
A federal judge has just blocked subpoenas aimed at the FED in the criminal investigation of FED Chairman Jerome Powell. The investigation is led by prosecutor Jeanine Pirro, concerning a multi-billion dollar renovation project for the FED headquarters and Powell's testimony before Congress.
The court stated there is no evidence that Powell committed a crime, and suggested that the subpoenas appear to be aimed at pressuring him to lower interest rates or resign, paving the way for a new FED Chairman/Governor more aligned with President Trump's agenda.
The U.S. Department of Justice has announced it will appeal, while Senator Thom Tillis has pledged to block the confirmation of Kevin Warsh, Powell's replacement nominee, until the investigation is resolved.
A federal judge has just blocked subpoenas aimed at the FED in the criminal investigation of FED Chairman Jerome Powell. The investigation is led by prosecutor Jeanine Pirro, concerning a multi-billion dollar renovation project for the FED headquarters and Powell's testimony before Congress.
The court stated there is no evidence that Powell committed a crime, and suggested that the subpoenas appear to be aimed at pressuring him to lower interest rates or resign, paving the way for a new FED Chairman/Governor more aligned with President Trump's agenda.
The U.S. Department of Justice has announced it will appeal, while Senator Thom Tillis has pledged to block the confirmation of Kevin Warsh, Powell's replacement nominee, until the investigation is resolved.