U.S. Attorney Jeanine Pirro on Wednesday doubled down on her investigation of the Federal Reserve, even as the controversial probe endangers the confirmation of Kevin Warsh, President Donald Trump’s pick to replace central bank Chairman Jerome Powell.
The criminal investigation centers on alleged cost overruns associated with the ongoing renovations of two historic Fed buildings in Washington. Powell has accused the DOJ of targeting him for refusing to obey Trump’s demand that the Fed sharply lower interest rates.
The probe has raised concerns about the Fed’s independence from executive-branch interference — so much so that Sen. Thom Tillis, R-N.C., has vowed to block Warsh’s nomination until the DOJ drops it.
At a press conference Wednesday morning, Pirro said she would not back off.
“The cost overruns on that building are well over a billion dollars. This investigation continues,” Pirro said.
