The Federal Reserve is contesting two subpoenas tied to a criminal probe into Chairman Jerome Powell’s alleged false statements about headquarters renovations.
The Federal Reserve is challenging two subpoenas issued by U.S. Prosecutor Jeanine Pirro in a criminal investigation of alleged false statements made by Federal Reserve Chair Jerome Powell. The Fed is seeking to have the subpoenas dismissed or limited, citing grand jury confidentiality rules, highlighting the tension between transparency and confidentiality in sensitive legal proceedings.