Powell Under Fire: Central Bank Chiefs Unite in Historic Solidarity
Fed Chair Jerome Powell faces DOJ subpoenas over a $2.5 billion HQ renovation, sparking an unprecedented show of solidarity from central bank counterparts worldwide.
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Fed Chair Jerome Powell faces DOJ subpoenas over a $2.5 billion HQ renovation, sparking an unprecedented show of solidarity from central bank counterparts worldwide.
Trump says he won’t fire Fed Chair Powell for now, despite a DOJ probe, calling it “too early” to decide the next steps.
Federal Reserve Chair Jerome Powell and former Fed chiefs are pushing back against a DOJ criminal probe, warning it threatens central bank independence and could unsettle markets.
Powell says the DOJ subpoenaed the Fed in what he calls part of President Trump’s pressure campaign to push for lower interest rates.
Fed Chair Powell is under a DOJ probe over a multi-billion HQ renovation, sparking debate over political pressure vs. economic independence.