Summary
President Trump’s administration has started a criminal investigation into Federal Reserve Chair Jerome Powell. The investigation involves Powell's role in renovations to the Federal Reserve’s headquarters and raises concerns about the independence of the U.S. monetary policy.
Key Facts
- President Trump's administration is investigating Federal Reserve Chair Jerome Powell.
- The investigation includes grand jury subpoenas linked to Powell's testimony.
- The focus is on renovations at the Federal Reserve's headquarters in Washington, DC.
- Powell mentioned the probe might affect the Fed's ability to make independent decisions.
- This situation highlights a concern that politics may influence U.S. monetary policy.
- The Federal Reserve sets interest rates based on economic conditions to serve the public interest.
