Powell DOJ Probe Put On Hold, Not Closed, Say Elizabeth Warren And Dick Durbin: 'Leaves The Door Wide Open For...'

Benzinga04-25 14:20

On Friday, a paused Justice Department probe into Federal Reserve Chair Jerome Powell drew scrutiny from Democratic lawmakers who warned it could be revived at any time. In a letter to U.S. Attorney ...

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Elizabeth Warren (D-Mass.) and Dick Durbin (D-Ill.) cautioned that the decision \"leaves the door wide open for you to relaunch the criminal probe,\" CNBC reported.\nPirro said her office is stepping back as the Federal Reserve's inspector general reviews cost overruns tied to an ongoing renovation project. However, she noted that prosecutors could revisit the case if warranted.\n\"I will not hesitate to restart a criminal investigation should the facts warrant doing so,\" Pirro said.\nWarren and Durbin raised concerns that the investigation could be used as a political tool.\n\"Your announcement leaves the door wide open … should it once again become politically expedient,\" the senators wrote, pressing for clarity on what evidence would justify reopening the case.\nThey also asked whether President Donald Trump or other administration officials were involved in the decision to pause the investigation.\nThe probe has already faced hurdles. Prosecutors previously acknowledged in court that they lacked specific evidence of wrongdoing, and a judge moved to quash subpoenas issued to Powell.\nThe investigation centers on rising costs tied to a Federal Reserve renovation project — an issue Powell himself had referred to the inspector general for review last year.\nPowell has criticized the probe, calling it a pretext and suggesting it may be tied to disagreements over monetary policy, particularly pressure to cut interest rates more aggressively.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630959872","isCrawlerRequest":true}