Fed declares war on Jeanine Pirro over criminal probe into Jerome Powell

Source: Raw Story

February 26, 2026 8:21PM ET


The Federal Reserve is hitting back at the Trump administration as U.S. Attorney Jeanine Pirro wages a legal battle to force the central bank to hand over documents related to her criminal investigation into Chair Jerome Powell, according to a new report.

Pirro's dubious probe centers around whether Powell lied to Congress about renovation cost overruns at the Fed's historic buildings. It comes amid a broader retributive campaign from Trump that targets perceived foes.

Powell fired back last month with a rare public video statement, accusing Pirro of weaponizing the investigation as part of Trump's relentless pressure campaign to slash interest rates and strip the Fed of its independence.

Now the Fed is fighting back in sealed courtroom proceedings, asking a judge to kill the subpoenas altogether, the Wall Street Journal reported Thursday. "The fight is taking place out of public view because of secrecy rules that apply to criminal investigations pending before a grand jury," the report said.

Read more: https://www.rawstory.com/jerome-powell-2675343551/