US Treasury Secretary Bessant said that issuing a subpoena does not necessarily mean the US must sue the Federal Reserve (Fed).
The statement comes amid developments related to prosecutor Piro's investigation and the Senate hearings for Fed chairman nominee Warsh, with some senators seeking to delay the vote.
- Bessant: A subpoena does not mean you are obligated to sue the Fed.
- Awaiting the results of prosecutor Piro's investigation into the related matters.
- The Senate confirmation hearing process for Fed chairman nominee Warsh is moving forward.
Subpoenas and the possibility of suing the Fed.
Bessant emphasized that issuing a subpoena does not automatically lead to filing a lawsuit against the Fed.
According to Bessant, the next step depends on where Prosecutor Piro's investigation leads. The main message is to separate the legal instrument of a subpoena from the decision to file a lawsuit, avoiding the interpretation that a subpoena automatically means the start of a legal case.
The content directly addresses the context surrounding Fed Chair nominee Warsh, suggesting that legal and political developments are being monitored simultaneously, but there is no conclusion yet on whether specific legal action will be taken against the Fed.
Senate hearing for Fed Chair nominee Warsh
Bessant believes that continuing the Senate confirmation process is crucial for Fed chairman nominee Warsh.
The article states that Tillis wanted to delay the related votes. However, Tillis spoke with Republican senators on Tuesday and believes an agreement has been reached to move forward with the Fed-related hearings for Warsh.
The information was posted on February 13th, with a note stating that the content is for market informational purposes only and not investment advice in the cryptocurrency field.
