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Trump's Fed Probe: Unannounced Visit, Political Pressure

Published 4 days, 16 hours ago
Description

Prosecutors from U.S. Attorney Jeanine Pirros office visited the Federal Reserves renovation site unannounced, sparking a probe into Fed Chair Jerome Powells handling of the project. The Trump administration, seeking lower interest rates, is pressuring Powell, whos term ends in May. The Justice Department plans to appeal a federal judges ruling against the investigation, maintaining pressure. The Feds outside lawyer objected to the unannounced visit, highlighting the tension between politics and monetary policy.

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