Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
Federal Reserve Chair Jerome Powell revealed the Justice Department issued subpoenas and threatened criminal indictment over his testimony on building renovations. Powell characterized the charges as "pretexts" to undermine the Fed's independence in setting interest rates, a move drawing concern from a Republican senator about the DOJ's credibility.
Federal Reserve Chair Jerome Powell revealed the Justice Department issued subpoenas and threatened criminal indictment over his testimony on building renovations. Powell characterized the charges as "pretexts" to undermine the Fed's independence in setting interest rates, a move drawing concern from a Republican senator about the DOJ's credibility.
Federal Reserve Chair Jerome Powell revealed the Justice Department issued subpoenas and threatened criminal indictment over his testimony on building renovations. Powell characterized the charges as "pretexts" to undermine the Fed's independence in setting interest rates, a move drawing concern from a Republican senator about the DOJ's credibility. 
