As the article states, they’re doing this because Senator Tillis was refusing to vote on the MAGA yes-man Warsh replacement solely because of the investigation. This will actually result in Trump getting what he wanted.
So as usual, the White House does something actually illegal and crazy to destabilize the status quo, and then walks it back in exchange for a slightly less crazy but still democracy-destroying alternative.
Get ready for the Fed to drop interest rates to zero in the three months before the election to try to swing it right.
And the DOJ probe into Powell to reopen a day after Warsh’s confirmation.
DUI hire, recently:
In a Friday post on social media, Pirro said she asked the Fed inspector general (IG) to investigate Powell and the bank’s renovations, and would be closing the criminal investigation launched by the DOJ in December.
“The IG has the authority to hold the Federal Reserve accountable to American taxpayers. I expect a comprehensive report in short order and am confident the outcome will assist in resolving, once and for all, the questions that led this office to issue subpoenas,” Pirro wrote.
Sinking ship-fleeing MAGA senator:
The end of the criminal probe into the Fed and Powell comes after retiring Sen. Thom Tillis (R-N.C.) reiterated last week that he would not support any Trump nominee to the bank until the DOJ wrapped up its investigation, which he dismissed as a baseless political pressure campaign.
These fascists tripping over one another is remarkable.
is it Tuesday already?
