off-the-wire

US DOJ, White House clearing way to keep Powell probe going, Bloomberg News reports

Kitco Media
By Reuters
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Reuters
US DOJ, White House clearing way to keep Powell probe going, Bloomberg News reports teaser image

March 19 (Reuters) - The leaders at the U.S. Justice ​Department are rallying behind ‌federal prosecutor Jeanine Pirro to investigate Federal Reserve Chair ​Jerome Powell and ​the White House is not ⁠opposing, Bloomberg News ​reported on Thursday, citing ​sources.

U.S. President Donald Trump had been open to the idea ​of dropping the ​probe into Powell until last ‌Friday, ⁠when a judge rejected subpoenas issued to the central bank, but ​he is ​now ⁠believed by aides and allies ​to support a push ​to ⁠appeal, the report said.

Reuters could not immediately ⁠verify ​the report.

Reporting ​by Mrinmay Dey in Mexico City; ​Editing by Chris Reese

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