Fed Probe Finds No Crime, Judge Quashes Subpoenas
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal Prosecutor Admits No Crime Found in Fed Renovation Probe, Judge Quashes Subpoenas Targeting Powell: A sealed hearing revealed no evidence of crime in the $2.5 billion Federal Reserve renovation, leading to the dismissal of subpoenas against Fed Chair Jerome Powell. The prosecutors lack of specifics on false statements or fraud raised concerns, with the judge suggesting political pressure on Powell. The investigation has stalled Senate approval for Powells replacement, and the top US Attorney plans to appeal the ruling, highlighting ongoing tensions over the Feds independence.
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