Trump DOJ Pushes Court to Reinstate Jerome Powell Subpoena in $1B Fed Renovation Probe

A major legal fight is unfolding over scrutiny of the Federal Reserve. The United States Department of Justice is asking a federal judge to reinstate subpoenas targeting Jerome Powell as part of a grand jury investigation into costly renovations at the Federal Reserve’s headquarters. Leading the push is U.S. Attorney Jeanine Pirro, who argues prosecutors should be allowed to obtain testimony and documents related to renovation costs that reportedly ballooned beyond $1 billion. Investigators are also examining Powell’s previous testimony before Congress as they probe whether key details were properly disclosed. If the court reverses the earlier ruling blocking the subpoenas, the investigation could dramatically escalate scrutiny of the Federal Reserve and its leadership.