Prosecutors from U.S. Attorney Jeanine Pirro's office visited the Federal Reserve's headquarters unannounced Tuesday and attempted to gain access to the building's ongoing renovations, which are the subject of a months-long active criminal investigation, according to a source familiar with the matter and a letter reviewed by CBS News. The two prosecutors and an investigator from Pirro's office were denied access to the site, and were given contact information for the Fed's legal team, the source said.
Main Idea: Jeanine Pirro’s office sent prosecutors to the Federal Reserve’s headquarters to inspect renovation work, but they were turned away and the move added to a tense criminal probe involving Chair Jerome Powell.
Key Points:
The probe into Fed Chair Jerome Powell could unsettle markets and distract from interest-rate decisions that affect loans, savings, and jobs.
No clear positive impact identified.
Rate how each entity in this article affected the American people.
Federal Reserve chair at the center of the investigation and the article’s main subject.
U.S. Attorney whose office’s unannounced visit and investigation are central to the story.
Parent department tied to the subpoenas and criminal investigation referenced throughout the article.
Federal judge whose ruling quashing subpoenas is a key part of the dispute.
His pressure on Powell and prior visit to the Fed are important context for the investigation.
Fed outside legal counsel who sent the letter confronting prosecutors and is quoted on the visit.
The office that opened the investigation and whose prosecutors made the visit.
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Named lawmaker reacting to the visit and commenting on the investigation’s political fallout.
Court whose judge issued the ruling central to the article’s legal context.