High drama in D.C. as Jeanine Pirro, now top federal prosecutor, appears to be tapping the brakes on a wild investigation targeting Federal Reserve boss Jerome Powell.

Just hours after word hit the capital of the Justice Department digging into Powell’s handling of a massive Fed headquarters facelift, Pirro took to social media late Monday, pouring cold water on claims of an imminent legal showdown. The ex-Fox News firebrand told followers her office only demanded answers about the multi-billion-dollar renovation—an overhaul President Trump himself blasted as botched and way over budget—claiming the Fed had stonewalled efforts for information. ‘Our requests were ignored, so we turned to the courts,’ Pirro insisted, emphasizing that subpoenas for Powell’s testimony aren’t about pushing criminal charges. ‘Powell started talking about ‘indictments’, not us. This was all avoidable if they’d simply replied to us from the start.’

The probe exploded into public view when prosecutors slapped the Fed with grand jury summons, demanding Powell explain a jaw-dropping $2.5 billion project—triple the original estimate—dogged by inflation and a pricey asbestos cleanup. Trump, caught off guard when asked about the investigation Sunday mid-flight on Air Force One, didn’t miss his chance to pile on, blasting the building drama as ‘disgraceful’ and threatening to oust Powell for the budget fiasco. The central bank chalks up the spiraling costs to unforeseen construction nightmares and spiking prices.

Not to be outdone, Powell shot back with a rare video message, confirming the investigation but insisting it’s not about his congressional hearing or the renovation mess. ‘This is really about the future of the Fed—will we get to set interest rates with real data, or will we be strongarmed by politics?’ Powell declared, throwing down the gauntlet.

This probe is just the latest volley in Trump’s year-long slugfest with the nation’s financial gatekeeper. The ex-president has hammered Powell non-stop for jacking up interest rates during Biden’s term—and then scolded the Fed for being slow-footed when inflation spiraled. For months, Trump’s made it clear: he’d love any excuse to give Powell the boot, with the headquarters construction disaster front and center in his arsenal. And with Pirro seemingly looking to smooth things over, one thing’s clear—the battle over the Fed’s independence is nowhere near finished.