The Federal Reserve is reportedly challenging two subpoenas at the heart of US Attorney Jeanine Pirro’s criminal investigation into Fed Chair Jerome Powell. The Wall Street Journal reported Friday that the Fed, in sealed proceedings, is asking a judge to squash the subpoenas, which could reduce or eliminate its obligation to respond. Pirro, a longtime confidante of President Trump, launched an investigation in January into whether Powell made false statements about renovations to the Fed’s headquarters during his semiannual testimony before the Senate last summer. The arguments are sealed, so the fight is taking ... (full story)