The Federal Reserve investigation has stalled, casting uncertainty on Warsh's path to succession.
PANews reported on March 20th, citing US media reports, that sources revealed the US Department of Justice is fully supporting a federal prosecutor's investigation into Federal Reserve Chairman Jerome Powell, and the White House has not objected. This situation escalates the high-stakes game between the two sides and has significant implications for the future leadership of the Federal Reserve. Sources indicated that Trump was open to ending the Powell investigation before a judge dismissed a subpoena against the Fed last Friday. However, angered by the ruling and a long-held belief that the court was biased against him, aides and allies believe Trump now supports an appeal. After the subpoena was dismissed last week, Federal Prosecutor Jeanne Piro immediately announced she would appeal the court's decision. While Trump has not publicly commented on Piro's move, some of his aides were surprised. According to another anonymous source familiar with the internal deliberations, the Justice Department leadership is currently supporting Piro. Some sources pointed out that the judge's ruling provided the Trump administration with a potential "downhill" path to ending the Powell investigation, allowing the controversy surrounding it to subside quietly. However, continued legal proceedings mean that Trump may have to wait longer before his handpicked nominee for Federal Reserve Chairman, Warsh, takes over the Fed.
You May Also Like
Live Nation CEO says demand is unmistakable, concert tickets are underpriced
ONDO Price Prediction: Active Addresses Jump 300% Amid Strong Bullish Momentum
