The Federal Reserve is secretly fighting a subpoena issued during U.S. Attorney Jeanine Pirro’s investigation into Chair Jerome Powell. The probe questions whether Powell lied to Congress about a building renovation project last summer. This move sparked Powell’s public response, claiming the investigation was a ploy to pressure the Fed to lower interest rates and limit its independence.
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Source: https://www.wsj.com/politics/policy/federal-reserve-mounts-closed-door-fight-against-justice-department-subpoenas-2ab66630