Sen. Kevin Cramer suggested Tuesday that Federal Reserve Chair Jerome Powell should resign to avoid a potential indictment. (Kayla Bartkowski/Getty Images)
U.S. Attorney for the District of Columbia Jeanine Pirro said on X Monday that her office had contacted the Fed "on multiple occasions to discuss cost overruns and the chairman’s congressional testimony, but were ignored, necessitating the use of legal process — which is not a threat."
"The word ‘indictment’ has come out of Mr. Powell’s mouth, no one else’s," Pirro continued. "None of this would have happened if they had just responded to our outreach. This office makes decisions based on the merits, nothing more and 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."
Powell provided testimony before the Senate Banking Committee last year regarding a significant renovation to two main office buildings in the Fed’s headquarters in Washington, D.C. The project is expected to cost $2.5 billion and is being paid for by the central bank, not taxpayers.
U.S. Attorney Jeanine Pirro said her office contacted the Federal Reserve multiple times before opening an investigation. ((AP Photo/Evan Vucci, File))
A spokesperson for the Fed told Fox News Digital that they did not have any comment beyond Powell's video message from Sunday.
Cramer cautioned on "Kudlow" that an indictment into the Fed could negatively impact the economy.
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"I don't want to do anything to disrupt this incredible rocket ship economy we're enjoying right now," he said. "We've got other big things to do that I'd rather focus on than an indictment."
The U.S. Attorney’s Office for the District of Columbia did not immediately respond to Fox News Digital's request for comment.
Fox News Digital's Amanda Macias contributed to this report.
Michael Sinkewicz is a writer for Fox News Digital. Story tips can be sent to michael.sinkewicz@fox.com
https://www.foxnews.com/politics/gop-senator-suggests-fed-chair-powell-resign-now-dodge-potential-criminal-indictment