…#JeromePowell has said the investigation is a pretext to undermine the Fed’s #independence to set rates. A federal prosecutor last month admitted that the investigation into the renovations had turned up NO evidence of a crime.

…Sen #ThomTillis, a North Carolina #Republican, has said he won’t vote to confirm any Fed nominees until the investigation is dropped.

#law #economy #FederalReserve #Trump #RevengePolitics #AbuseOfPower #authoritarianism #USpol

#Trump has again threatened to fire #JeromePowell if the #FederalReserve Chair decides to stay on the central bank’s governing board after his term as chair expires next month.

“Well then I’ll have to fire him, OK?” Trump told Fox Business…when reminded that Powell has said he won’t leave the Fed during the #DOJ investigation.

[reminder #SCOTUS ruled Trump could not fire Fed governor #LisaCook]

#law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism #USpol

Last month, during a closed-door hearing before a federal judge, a top deputy from #JeaninePirro’s office conceded that they had NOT found any evidence of a crime in their investigation of the #FederalReserve HQ project.

The investigation has faced bipartisan opposition in #Congress. It also has delayed #Senate consideration of Kevin Warsh, #Trump’s pick to replace Fed chair #JeromePowell when his term ends May 15.

#law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism

#JeromePowell has blasted the investigation as a pretext to pressure the #FederalReserve to lower borrowing costs, which has long been #Trump’s goal when it comes to the Fed.

Trump’s decision to pick yet another public fight with Powell at a moment when the fate of his choice for chair is already in limbo runs counter to recent signals sent by top admin officials & senior #Republicans. [more #PsychoticState.]

#law #economy #independence #RevengePolitics #AbuseOfPower #authoritarianism #USpol

In a statement, spox for Gov #KathyHochul said, “The initial claim by #CMS was patently false, & we are glad they now admit it.”

“Governor Hochul has been clear that #NewYork has zero tolerance for waste, fraud & abuse in #Medicaid, or any other state programs, & will continue her efforts to root out bad actors, protect taxpayer dollars, & safeguard the critical programs that New Yorkers rely on,” spox Nicolette Simmonds said.

#Trump #idiocracy #RevengePolitics #law #HealthInsurance

Krepich said the probe was ongoing as the #Trump admin still has concerns with #NewYork’s oversight of personal care services & the #Medicaid program…. #CMS claimed there were other flags about New York’s program, including that it spends more per beneficiary & per resident than the average state, has high personal care spending & employs so many personal care aides that the job category is now the largest in the state.

#idiocracy #kakistocracy #RevengePolitics #law #HealthInsurance

The error, which the #Trump admin admitted first to The AP, prompted #health analysts to question how many of the #Republican admin’s sweeping anti-“fraud” efforts around the country were based on faulty findings. One of a few mischaracterizations it made about #NewYork’s #Medicaid program, it also reflected a common criticism that’s been made of Trump’s second admin — that it tends to attack first & confirm the facts later.

#idiocracy #kakistocracy #RevengePolitics #law #HealthInsurance