House Democrats demand probe into Trump DOJ's criminal investigation of Fed Chair Powell

By Fox News · Fox News

FIRST ON FOX: House Democrats are demanding a congressional inquiry into the Trump administration's criminal investigation of Federal Reserve Chairman Jerome Powell. Rep. Jamie Raskin, D-Md., the top Democrat on the House Judiciary Committee, is joining forces with Rep. Jared Moskowitz, D-Fla., and other members of their party to ask Chairman Jim Jordan , R-Ohio, to open the probe. "As Jerome Powell, the Trump-appointed Chair of the Federal Reserve Board, explained to the nation on Sunday, the Department of Justice (DOJ) has launched a sham criminal investigation into statements Chair Powell made about renovations to the Board’s historic building," the letter read. "That investigation is a flagrant attempt by the President to bully and intimidate the Board into setting interest rates not based on evidence, economic conditions, or the public interest but instead based on the President’s own whims." GOP SENATOR SUGGESTS FED CHAIR POWELL RESIGN NOW TO DODGE POTENTIAL CRIMINAL INDICTMENT The Democrats called the DOJ's probe a "systematic assault on the independence of our central bank." They asked Jordan to hold a public hearing on the issue and even potentially subpoena Attorney General Pam Bondi and relevant Department of Justice (DOJ) officials to testify. The investigation into Powell is being led by U.S. Attorney for the District of Columbia Jeanine Pirro, who accused Powell of not cooperating with her office's search for information. Pirro also suggested there was no immediate threat of a criminal indictment, something Powell mentioned in his statement responding to the probe. "The United States Attorney’s Office contacted the Federal Reserve on multiple occasions to discuss cost overruns and the chairman’s congressional testimony, but were ignored, necessitating the use of legal process—which is not a threat. The word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s," Pirro wrote on X. "None of this would have happened if they had just responded to…