00:00It's Benzinga bringing Wall Street to Main Street!
00:02Justice Department leaders are backing a U.S. attorney's appeal after a judge rejected
00:06subpoenas issued to Federal Reserve Chair Jerome Powell and the central bank.
00:11The move escalates a legal clash over an investigation into a $2.5 billion renovation project.
00:17Trump had considered dropping the probe, but now supports an appeal after the ruling.
00:21The decision prolongs the process and could delay Kevin Warsh's confirmation as Fed chair.
00:26Powell said he will remain until the investigation concludes and may continue afterward.
00:32A key senator said he will block Warsh's nomination until the probe ends.
00:36The Fed plans to oppose reconsideration, with filings due by March 27.
00:41For all things money, visit Benzinga.com.
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