Jeanine Pirro Opens Investigation Into Fed Chair Jerome Powell's Deceptive Congressional Testimony About His Rampant Overspending

He told Congress that he was only spending billions on remodeling the Fed for strictly functional upgrades, like "waterprooofing" the building.

He denied spending billions just to make it a "Taj Mahal" of the Deep State, as Julie Kelly puts it.

The current bill is over $2.5 billion, with $700 million of that overspending not originally budgeted for.

Powell, who oversees the nation's currency, says "Whoops!"

Julie Kelly @julie_kelly2

18h

This is how it's done:

NYT tonight confirmed DOJ investigation into Fed Reserve chairman Jerome Powell.

"The inquiry, which includes an analysis of Mr. Powell's public statements and an examination of spending records, was approved in November by Jeanine Pirro, a longtime ally of President Trump.

It is not clear whether Ms. Pirro has convened a grand jury or issued subpoenas. But prosecutors in her office have contacted Mr. Powell's staff multiple times to request documents about the renovation project, according to an official with knowledge of the investigation who discussed an open inquiry on the condition of anonymity."

The renovation project is a whopping $700 million over budget.

"A 2021 version of the Fed's proposal described private elevators and dining rooms for top policymakers, water fountains and new marble features, in addition to a rooftop terrace for staff. Pressed at a congressional hearing in June, Mr. Powell denied that many of those features were part of the latest proposal."

Good stuff. More please.

Powell is claiming this is purely political investigation because Trump opposes Powell's purely-political refusal to reduce interest rates. Note that Powell reduced interest rates for Biden months before the election, despite inflation being out-of-control at the time.

Here's my take: Trump may in fact favor an investigation for political reasons and yet the investigation may still be fully warranted by the circumstances.

What does Powell demand, that we have no investigation into misbehaving officials so long as they oppose Trump?

If there's no crime, then there's no crime -- but the federal government should be investigating fraud and, frankly, money-laundering politicians and elected officials all the time.

In fact, Pam Bondi just announced the creation of a new Deputy AG with a very specific jurisdiction: defrauding the federal government (and taxpayers).

Jerome Powell never objected to Letitia James, Merrick Garland, Fani Willis, Alvin Bragg, and Jack Smith investigating and prosecuting Trump for fake crime after fake crime just because those prosecutions and investigations were politically motivated.

posted by Ace at 02:27 PM

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