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Economy

GOP senator suggests Fed chair Powell resign now to dodge potential criminal indictment

close Video Trump discusses DOJ probe of Fed Chair Jerome Powell on CBS President Donald Trump defends the DOJ investigation into Fed Chair Jerome Powell during an interview on ‘CBS Evening News.’ NEWYou can now listen to Fox News articles! Sen. Kevin Cramer, R-N. D., suggested Tuesday that Federal Reserve Chair Jerome Powell should resign to avoid a potential indictment, arguing the move could prompt the Department of Justice (DOJ) to drop its investigation.

GOP senator suggests Fed chair Powell resign now to dodge potential criminal indictment

Credit: Foxnews

Key Highlights

  • The suggestion comes after the DOJ announced Sunday it has opened a criminal probe into Powell focused on the renovation of the central bank’s Washington headquarters and whether he was truthful in his congressional testimony regarding the project."If you're the attorney for Jay Powell and you want to avoid an indictment, how about you go to Jeanine Pirro and say, 'I'll make a deal.
  • I'll step down today if you'll drop the investigation today,'" Cramer said on FOX Business' "Kudlow." Cramer added that his proposed legal strategy would be "a win-win for everybody." THUNE WARNS DOJ'S PROBE OF FED CHAIR POWELL 'BETTER BE REAL' AND 'SERIOUS' AMID POLITICAL BACKLASH Sen.
  • Kevin Cramer suggested Tuesday that Federal Reserve Chair Jerome Powell should resign to avoid a potential indictment.
  • (Kayla Bartkowski/) U. S.
  • Attorney for the District of Columbia Jeanine Pirro said on X Monday that her office had contacted the Fed "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.
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Sources

  1. GOP senator suggests Fed chair Powell resign now to dodge potential criminal indictment

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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