The US Attorney for the District of Columbia, Jeanine Pirro, said Sunday that she may reopen a criminal investigation into Federal Reserve Chair Jerome Powell.
According to Pirro, the investigation could be reopened based on new evidence. > "We will not rule out continuing to investigate Federal Reserve Chair Powell," Pirro stated.
The potential investigation into Powell stems from previous allegations of wrongdoing.
On the streets of Buffalo, particularly in the downtown area near Canalside, residents are concerned about the potential economic implications.
The city's economy has been growing, with new businesses opening on Elmwood Avenue and Hertel Avenue.
However, a national economic downturn could affect local businesses and residents. South Buffalo homeowners, who have seen their property values increase in recent years, may be particularly affected by any economic changes.
As the situation develops, residents will be watching to see how the potential investigation affects the national economy and, in turn, Buffalo's local economy.
The next step will be to see if Pirro decides to move forward with the investigation, which could happen as early as next week.