Unlocking Insights: Larry Kudlow on the Jeanine Pirro Approach
At the risk of whiffing at a letter-high fastball or completely striking out, I want to address the recent Jay Powell subpoena situation, in the hope that calmer heads will prevail. My hope is that this matter will resolve itself smoothly, allowing for an orderly transition to a new Fed chairman as soon as possible.
Mr. Powell has arguably done more to undermine the independence of the Federal Reserve than anyone in recent memory. I’ve expressed my concerns about his political maneuvering as Fed Chair on multiple occasions. To expedite his departure, my long-time friend Jeanine Pirro, now U.S. Attorney for the District of Columbia, could play a pivotal role.
There’s no one better suited for this than Jeanine. However, as she has noted, the subpoena served to Jay Powell and the Federal Reserve may have prematurely initiated a legal process that she described to Fox Digital as “not a threat.”
Continuing with Jeanine’s statement, she remarked, “The word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s. None of this would have happened if they had just responded to our outreach.”
Fox News contributors Kellyanne Conway and Liz Peek highlight the importance of bringing down the costs of homebuilding and healthcare on ‘Kudlow.’
It appears that two emails were sent to the Fed over the winter holidays, inquiring about their extravagant cost overruns, but without any urgency or mention of a criminal investigation. This communication occurred before the subpoena was issued. Given the alleged lack of response from the Fed, it seems that one of the smartest individuals I know, Jeanine Pirro, may have acted a bit too hastily. When the situation escalated, she stated, “this office makes decisions based on the merits, nothing more, nothing less. We agree with the Chairman of the Federal Reserve that no one is above the law and that is why we expect his full cooperation.”
I concur with my favorite prosecutor that decisions should be based on the merits. However, a cost overrun in Washington, D.C., hardly seems like a compelling basis for criminal action. If that’s the case, many individuals in and around D.C. would find themselves behind bars. The reality is that cost overruns are commonplace, and everyone is aware of this. While I don’t want to justify it, I must be realistic. Furthermore, it has been alleged that Mrs. Pirro’s office did not inform the main Justice Department before taking this controversial action, which, if true, is a significant misstep.
Former House Speaker Newt Gingrich analyzes the Trump administration’s economic and foreign policy on ‘Kudlow.’
As it stands, no grand jury has been impaneled, and no charges have been filed against Mr. Powell or the Federal Reserve. The President himself has distanced himself from the situation, claiming ignorance and denying involvement in the DOJ’s subpoenas regarding the Fed.
Thus, the stage is set for a swift resolution. Perhaps Ms. Pirro could arrange a meeting with Mr. Powell to discuss the Fed’s cost overruns and then put an end to this matter.
Ultimately, there’s really no substance to this issue. Once resolved, we can focus on the crucial task of appointing a new Fed chair who will effectively manage Mr. Trump’s booming economy while ensuring the independence of the Federal Reserve.
At the risk of whiffing at a letter-high fastball or completely striking out, I want to address the recent Jay Powell subpoena situation, in the hope that calmer heads will prevail. My hope is that this matter will resolve itself smoothly, allowing for an orderly transition to a new Fed chairman as soon as possible.
Mr. Powell has arguably done more to undermine the independence of the Federal Reserve than anyone in recent memory. I’ve expressed my concerns about his political maneuvering as Fed Chair on multiple occasions. To expedite his departure, my long-time friend Jeanine Pirro, now U.S. Attorney for the District of Columbia, could play a pivotal role.
There’s no one better suited for this than Jeanine. However, as she has noted, the subpoena served to Jay Powell and the Federal Reserve may have prematurely initiated a legal process that she described to Fox Digital as “not a threat.”
Continuing with Jeanine’s statement, she remarked, “The word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s. None of this would have happened if they had just responded to our outreach.”
Fox News contributors Kellyanne Conway and Liz Peek highlight the importance of bringing down the costs of homebuilding and healthcare on ‘Kudlow.’
It appears that two emails were sent to the Fed over the winter holidays, inquiring about their extravagant cost overruns, but without any urgency or mention of a criminal investigation. This communication occurred before the subpoena was issued. Given the alleged lack of response from the Fed, it seems that one of the smartest individuals I know, Jeanine Pirro, may have acted a bit too hastily. When the situation escalated, she stated, “this office makes decisions based on the merits, nothing more, nothing less. We agree with the Chairman of the Federal Reserve that no one is above the law and that is why we expect his full cooperation.”
I concur with my favorite prosecutor that decisions should be based on the merits. However, a cost overrun in Washington, D.C., hardly seems like a compelling basis for criminal action. If that’s the case, many individuals in and around D.C. would find themselves behind bars. The reality is that cost overruns are commonplace, and everyone is aware of this. While I don’t want to justify it, I must be realistic. Furthermore, it has been alleged that Mrs. Pirro’s office did not inform the main Justice Department before taking this controversial action, which, if true, is a significant misstep.
Former House Speaker Newt Gingrich analyzes the Trump administration’s economic and foreign policy on ‘Kudlow.’
As it stands, no grand jury has been impaneled, and no charges have been filed against Mr. Powell or the Federal Reserve. The President himself has distanced himself from the situation, claiming ignorance and denying involvement in the DOJ’s subpoenas regarding the Fed.
Thus, the stage is set for a swift resolution. Perhaps Ms. Pirro could arrange a meeting with Mr. Powell to discuss the Fed’s cost overruns and then put an end to this matter.
Ultimately, there’s really no substance to this issue. Once resolved, we can focus on the crucial task of appointing a new Fed chair who will effectively manage Mr. Trump’s booming economy while ensuring the independence of the Federal Reserve.
