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Two prosecutors and an investigator from Jeanine Pirro's office visited the Federal Reserve headquarters unannounced on Tuesday.
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The prosecutors and investigator attempted to gain access to the Federal Reserve headquarters' ongoing renovations.
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The Federal Reserve headquarters renovations are the subject of a months-long active criminal investigation.
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The prosecutors and investigator were denied access to the renovation site.
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They were given contact information for the Federal Reserve's legal team.
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The investigation into Jerome Powell was opened by the U.S. Attorney's Office in Washington, D.C., in November.
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The investigation concerns a project to renovate the Federal Reserve's headquarters.
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The Federal Reserve is not funded through tax dollars.
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Jerome Powell said the Federal Reserve had received grand jury subpoenas from the Justice Department as part of a criminal investigation into him.
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Jerome Powell said the subpoenas threatened a criminal indictment related to his testimony before the Senate Banking Committee in June 2025.
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The Federal Reserve headquarters renovation project has cost about $2.5 billion so far.
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Jerome Powell argued that the investigation was part of an effort to intimidate the Federal Reserve.
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The investigation has not resulted in any criminal charges.
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Chief Judge James Boasberg quashed the pair of subpoenas in March.
James Boasberg, Chief Judge of the U.S. District Court for the District of Columbia
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"There is abundant evidence that the subpoenas' dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will. On the other side of the scale, the Government has offered no evidence whatsoever that Powell committed any crime other than displeasing the President," James Boasberg wrote in his ruling.
James Boasberg, Chief Judge of the U.S. District Court for the District of Columbia
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"These subpoenas are mere pretexts," James Boasberg wrote in his ruling.
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The Justice Department asked James Boasberg to reconsider his decision.
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James Boasberg denied the Justice Department's request earlier this month.
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Robert Hur wrote that the prosecutors appeared at the Federal Reserve without prior notice on Tuesday.
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Robert Hur wrote that the prosecutors told staff they wanted to check on progress of the renovations and asked for a tour of the site.
Robert Hur, Outside legal counsel for the Federal Reserve
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"As you know, Chief Judge Boasberg has concluded that your interest in the Federal Reserve's renovation project was pretextual," Robert Hur wrote in his letter.
Robert Hur, Outside legal counsel for the Federal Reserve
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"Should you wish to challenge that finding, the courts provide an avenue for you; it is not appropriate for you to try to circumvent it," Robert Hur wrote in his letter.
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Robert Hur served as the Justice Department special counsel who investigated former President Joe Biden's handling of classified documents from his time as vice president and found that no criminal charges were warranted.
Jeanine Pirro, U.S. Attorney
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"Any construction project that has cost overruns of almost 80% over the original construction budget deserves some serious review. And these people are in charge of monetary policy in the United States?" Jeanine Pirro said.
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A spokesperson for the Federal Reserve declined to comment.
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Carlton Davis and Steven Vandervelden are prosecutors in Jeanine Pirro's office.
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Carlton Davis and Steven Vandervelden participated in an attempt to indict six sitting congressional Democrats who recorded a video urging military members to reject illegal orders.
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In the attempt to indict six sitting congressional Democrats who recorded a video urging military members to reject illegal orders, the grand jury unanimously rejected the charges.
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The investigator who accompanied the prosecutors to the renovation site was Matthew Fox-Moles.
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Matthew Fox-Moles is assigned to a special prosecutions team in Jeanine Pirro's office.
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Last summer, Donald Trump visited the Federal Reserve headquarters to tour the renovation project.
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During the visit, Jerome Powell and Donald Trump wore hard hats and discussed the scope of the renovation project's cost overruns while television cameras recorded.
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The criminal investigation has complicated Donald Trump's effort to replace Jerome Powell as Federal Reserve chair when Powell's term ends.
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Republican Senator Thom Tillis of North Carolina said he will not vote to advance President Trump's nominee for Federal Reserve chair, Kevin Warsh, until the Justice Department's investigation ends.
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