Democrats Push for Investigation Transparency
Two leading Democratic senators have called on Trump administration officials to submit all records related to the criminal investigation into Federal Reserve Chair Jerome Powell. This move marks the first formal response by Congress to the subpoena issued to the Fed earlier this month.
Watchdog Committees Take Notice
According to a report by The Wall Street Journal, the letter was sent by Senator Warren of Massachusetts and Senator Durbin of Illinois, the top Democratic members on the Senate committees overseeing the Fed and the Justice Department.
Targeted Recipients and Document Requests
The letters specifically ask Attorney General Pam Bondi and Federal Housing Finance Agency Director Mark Calabria — a long-time critic of the Fed — to preserve and submit all relevant documents related to the investigation.
Concerns Over Potential Abuse
In their correspondence, the lawmakers expressed concern that the current inquiry may represent a significant abuse of power. While the request is not legally binding, it could pave the way for future formal investigations.
- Senate makes first formal move on Powell investigation
- Democrats request documents from Trump-era officials
- Concerns raised over potential misuse of legal process