Episode Details

Federal Judge Halts Justice Departments Powell Probe, Trumps Appeal Looms

A federal judge has shut down the Justice Departments criminal investigation into Federal Reserve Chair Jerome Powells comments on the banks headquarters project. The probe, which stemmed from Powells Senate testimony, was found to lack evidence of any crime beyond upsetting President Trump. U.S. Attorney Jeanine Pirro plans to appeal the decision, potentially dragging out the process. Lawmakers react strongly, with some urging the Justice Department to drop the appeal and avoid further delays. The fight over Powells leadership highlights concerns about meddling with the Feds independence, as his term ends in May. With an appeal in the works, the battle for the next Fed chair could extend, leaving the central banks leadership in limbo.

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