Fed’s Powell links DOJ probe to his defiance of Trump on rates
Federal Reserve Chairman Jerome Powell has reportedly connected the Department of Justice's investigation into his actions to his decision to maintain interest rates against former President Trump's wishes. This investigation arises from Powell's independent stance on monetary policy, which Trump publicly criticized. Powell emphasized the importance of the Fed's autonomy in setting rates, regardless of political pressure. The ongoing probe highlights the tensions between the Federal Reserve's independence and political influence.
Read the full article: Coin Telegraph