Federal Reserve and US Attorney Remain Deadlocked Over Subpoenas

The Federal Reserve remains in a standoff with a federal prosecutor demanding information related to the renovations of two historic buildings at the central bank’s headquarters in Washington.

Behinds-the-scenes tussling over grand jury subpoenas sent to the Fed by the US attorney for the District of Columbia, Jeanine Pirro, in January has now continued into a second month, said a person familiar with the matter, who asked not to be identified due to the sensitivity of the situation. The wrangling over the information signals the unlikeliness of a quick resolution to the probe.

Fed Chairman Jerome Powell has said ...