Prosecutor Admits No Evidence in Powell Renovation Case
Despite subpoenas related to a costly renovation of the Federal Reserve’s headquarters, federal prosecutors acknowledged in a court hearing that they currently lacked evidence of any crimes committed by Federal Reserve Chair Jerome Powell. The investigation, which began following political pressure from the President, was questioned by a judge who found the justifications for the probe to be “thin and unsubstantiated.” Ultimately, the judge quashed the subpoenas, stating the government had presented “essentially zero evidence to suspect Chair Powell of a crime.”
John Q. Hosedrinker