Democrat senators Elizabeth Warren and Dick Durbin on Tuesday called for President Donald Trump’s administration to turn over records related to the Justice Department’s criminal probe of Federal Reserve Chair Jerome Powell.
“This investigation appears to be a serious misuse of power, and yet another action in a series of President Trump’s unlawful efforts to seize control of the Federal Reserve by any means necessary,” the senators wrote in letters to Attorney General Pam Bondi and to Federal Housing Finance Agency Director Bill Pulte.
Powell earlier this month disclosed that he had received subpoenas related to his remarks to Congress last summer about renovations on two Fed buildings in Washington. He called the investigation a pretext to put pressure on the central bank to cut rates, as Trump has repeatedly called for it to do.
