Powell Criminal Investigation: DOJ Launches Probe into Fed Chair
News Context
At a glance
- In an extraordinary escalation of a months-long attack on the independence of the Federal Reserve, federal prosecutors have launched a criminal examination into Federal Reserve Chair Jerome Powell,...
- the investigation is related to powell's testimony earlier this year about the multi-year renovation of the Federal Reserve buildings, Powell said in a video message released by the...
- Though, Powell asserts it's vital to note that the investigation is ultimately part of President Donald Trump's administration's increasingly hostile push to pressure the Fed to lower interest...
In an extraordinary escalation of a months-long attack on the independence of the Federal Reserve, federal prosecutors have launched a criminal examination into Federal Reserve Chair Jerome Powell, he confirmed in a statement sunday night.
the investigation is related to powell’s testimony earlier this year about the multi-year renovation of the Federal Reserve buildings, Powell said in a video message released by the Fed.
Though, Powell asserts it’s vital to note that the investigation is ultimately part of President Donald Trump’s administration’s increasingly hostile push to pressure the Fed to lower interest rates.