Last Sunday, Federal Reserve Chairman Jerome Powell confirmed that he was under investigation by the Justice Department. On Monday, the news drew swift pushback across right-wing media, as pundits typically aligned with President Donald Trump savaged the move as “lawfare for dummies” that would “make a martyr” of its target. Even Trump’s loyal Fox Business bootlicker Maria Bartiromo suggested on her show that “Wall Street” opposed the investigation.
It was an odd turn of events because Trump’s use of the Justice Department as a cudgel against his enemies typically draws support from at least some faction of MAGA media. But the response to the Powell probe has been remarkably negative across the board.
- The Daily Wire’s Ben Shapiro said the investigation is a “mistake,” “bad policy,” and “a risky financial move.”
- A Newsmax guest said the investigation “might have completely backfired on Trump.”
- Fox Business’ Larry Kudlow warned not to “make a martyr out of Jay Powell.”
White House officials are reportedly blaming the outcry on U.S. attorney and former Fox News host Jeanine Pirro for the firestorm surrounding the criminal probe into Powell. But, as Media Matters’ Matt Gertz points out, it would be a mistake to treat Pirro’s nakedly pretextual bid to punish Powell as the actions of a rogue actor.