US prosecutors made a surprise visit to the Federal Reserve’s offices in Washington Tuesday amid the Justice Department’s investigation into Chair
Three officials from the DOJ attempted to enter the construction site but were denied entry on the basis of safety and other clearance protocols, said the person, who wasn’t authorized to speak publicly.
The visit, which the Wall Street Journal previously reported, ratchets up tensions between the Fed and DOJ. The two institutions have for months been locked in a legal dispute that threatens to hold up the confirmation of
Outside counsel acting on behalf of the Fed,
“As you know, Chief Judge Boasberg has concluded that your interest in the Federal Reserve’s renovation project was pretextual. Should you wish to challenge that finding, the courts provide an avenue for you; it is not appropriate for you to try to circumvent it,” Hur wrote in a letter reviewed by Bloomberg News. “I ask that you commit not to seek to communicate with my client outside the presence of counsel.”
Pirro, in a statement responding to inquiries about prosecutors’ attempts to access the Fed building site, said “any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review. And these people are in charge of monetary policy in the United States?”
Earlier:
Tuesday’s surprise visit has the potential to further delay Warsh’s nomination in Congress. Senator
Despite Tillis’ stance, the Senate Banking Committee has scheduled an April 21 confirmation hearing for Warsh. Tillis on Tuesday reiterated that he would block Warsh’s path to be confirmed to the Fed job until the probe is resolved.
(Updates to add statement from Pirro in the sixth paragraph.)
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