Grand Jury subpoenas top bankster

[chuck_curtis]

Federal Reserve Chair Jerome Powell said the U.S. central bank was served with grand jury subpoenas by the Department of Justice on Jan. 9.

In a statement late Jan. 11, Powell confirmed that officials threatened a criminal indictment over his Senate Banking Committee testimony in June 2025. That testimony, Powell noted, “concerned in part a multi-year project to renovate historic Federal Reserve office buildings.”

The central bank chief dismissed the idea that this criminal probe was driven by his testimony or the renovation.

“I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law,” Powell said. “But this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.”

“Those are pretexts,” he continued. “The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.”

His remarks came hours after reports surfaced that federal prosecutors opened an inquiry into Powell.

Last summer, the Fed was under fire over renovations of its headquarters in Washington. The president and administration officials lambasted the institution for overspending on the Marriner S. Eccles Building on the National Mall and 1951 Constitution Avenue.

Trump, alongside Powell, toured the construction site in July 2025. The two men disagreed on the cost-overrun estimates.
When the renovation project was approved in 2017, the budget was $1.9 billion. It has since increased to $2.5 billion because of inflation, asbestos and soil contamination, and extended timelines. Trump noted that the price tag rose by an additional $600 million.

“I’m not aware of that, Mr. President. I haven’t heard that from anybody at the Fed,” Powell told Trump in front of reporters.

In addition to the renovations, Trump has long complained that Powell and his colleagues have not lowered interest rates more aggressively, like other central banks in advanced economies.

While the Fed has reduced rates by 75 basis points since September, Trump told The Wall Street Journal in December 2025 that the benchmark federal funds rate—a key policy rate that influences business and household borrowing costs—should be “1 percent and maybe lower than that.”
Powell’s term expires in May.
...
https://www.theepochtimes.com/us/justice-department-serves-federal-reserve-with-grand-jury-subpoenas-powell-says-5969437

Rhot, Rho

[D2D]

The same should be done to those running failing schools!

Take Detroit, a few years ago, their students couldn't read, but the administrators had designer furniture and expensive art on the walls!

[chuck_curtis]

Jeanine Pirro, U.S. attorney for the District of Columbia, said on Jan. 13 that Federal Reserve Chair Jerome Powell could have avoided a Department of Justice probe if the central bank “had just responded to our outreach.”

In a Jan. 13 statement on X, Pirro said the U.S. Attorney’s Office had repeatedly contacted the Fed about cost overruns and Powell’s June testimony before the Senate Banking Committee.
Those inquiries, she added, “were ignored, necessitating the use of legal process—which is not a threat.”

“The word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s,” Pirro stated. “None of this would have happened if they had just responded to our outreach. This office makes decisions based on the merits, nothing more and nothing less.”

“We agree with the chairman of the Federal Reserve that no one is above the law, and that is why we expect his full cooperation.”
...
https://www.theepochtimes.com/us/feds-failure-to-respond-to-doj-inquiries-prompted-powell-probe-pirro-5970246?utm_source=ref_share&utm_campaign=copy