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US Attorney Pirro shifts legal strategy in Fed Chair Powell investigation, dropping appeal plan.

Market News
03 May 2026
CNBC
Bearish
pluang ai news

Jeanine Pirro, U.S. Attorney for Washington, D.C., has abandoned her plan to appeal a court ruling that blocked her subpoenas in the criminal investigation of Federal Reserve Chair Jerome Powell. Instead, she plans to file a motion to vacate the judge's order, aiming to nullify the previous decision. This move suggests she is dropping her demand for evidence related to Fed building renovation cost overruns. The investigation faces skepticism as the judge saw signs it was meant to pressure Powell over interest rate decisions. Pirro awaits a report from the Fed Inspector General and may reopen the case if warranted, but the legal path remains uncertain.

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