Fed Chair Powell says he’s under criminal investigation
Federal prosecutors are investigating Federal Reserve Chair Jerome Powell over a $2.5 billion renovation of the Fed’s Washington, D.C., headquarters and his related congressional testimony. Powell said the probe reflects longstanding frustration from President Trump over the Fed’s refusal to cut interest rates as quickly as he demanded, warning it threatens the Fed’s independence. The investigation involves grand jury subpoenas and is being overseen by … Continue reading Fed Chair Powell says he’s under criminal investigation
