Bloomberg reports that senior Justice Department officials are backing federal prosecutor Jeanine Pirro in her effort to investigate Federal Reserve Chair Jerome Powell, with the White House not opposing the move. President Trump had been open to dropping the inquiry until a judge last Friday rejected subpoenas to the Federal Reserve. Sources say aides and allies now believe Trump supports an appeal of that ruling. Reuters could not immediately verify the Bloomberg report.
DOJ Leaders Back Investigation Into Fed Chair Jerome Powell; White House Not Opposing
FILE PHOTO: U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, D.C., U.S., March 18, 2026. REUTERS/Kevin Lamarque/File Photo
Senior leaders at the U.S. Department of Justice are publicly supporting federal prosecutor Jeanine Pirro as she seeks to investigate Federal Reserve Chair Jerome Powell, and the White House is not opposing that effort, Bloomberg News reported on Thursday, citing sources.
Background
According to the report, President Donald Trump had been open to dropping the inquiry into Powell until a federal judge last Friday rejected subpoenas issued to the central bank. That ruling appears to have shifted the political calculations: aides and allies now believe the president supports filing an appeal of the court decision.
Bloomberg said DOJ leaders are rallying behind the prosecutor’s effort, while the White House has chosen not to block it. Reuters could not immediately verify the Bloomberg account.
Reporting by Mrinmay Dey in Mexico City; Editing by Chris Reese.
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