Jared Moskowitz demands the House Judiciary Committee investigate DOJ inquiry of Federal Reserve

U.S. Rep. Jared Moskowitz wants the House Judiciary Committee to investigate the Justice Department’s inquiry of Federal Reserve Chair Jerome Powell.

After the Fed released a video statement from Powell saying the agency was subpoenaed over costs of a building project, the Parkland Democrat called into question the motives of the Donald Trump administration’s investigation, specifically the actions of Attorney General Pam Bondi.

Moskowitz said U.S. Rep. Jim Jordan should follow the lead of Senators and check the administration’s power.

“As a member of the Judiciary Committee, I hereby am calling for Chairman Jordan (former chair of the Weaponization committee, ironic) to open an immediate investigation into the DOJ inquiry of Fed Chair Jerome Powell,” Moskowitz posted on X.

Under Democratic President Joe Biden, Jordan, an Ohio Republican, led a Select Subcommittee on the Weaponization of the Federal Government. That focused on investigations by the Democratic administration that Republicans in Congress alleged were targeting political opponents, including Trump.

But Democrats say the Department of Justice under Trump has been used to attack critics, including former FBI Director James Comey and New York Attorney General Leticia James, who were both indicted under Bondi only to see courts quickly dismiss charges.

Powell, who has been at odds with Trump over interest rates, has maintained that attacks on the cost of renovations of the Fed’s headquarters were incorrect. He criticized the launch of a criminal investigation

“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” Powell said.

“This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation.”

Trump and Powell famously engaged in an argument at a press conference in July about whether the costs of the building renovations had exceeded $3 billion. Powell said that calculation can only be reached by including prior renovation costs completed nearly six years ago. Trump at the event said he would back off the questions about renovation costs if Powell lowered interest rates.