Summary
Federal Reserve Chair Jerome Powell stated that the Department of Justice sent grand jury subpoenas to the Federal Reserve, threatening an indictment over his Senate testimony. Powell suggested that this action relates to the Federal Reserve's interest rate decisions, not his testimony. He emphasized his commitment to performing his duties without political influence.
Key Facts
- Jerome Powell is the Chair of the Federal Reserve.
- The Department of Justice sent subpoenas to the Federal Reserve.
- The subpoenas threaten a criminal indictment over Powell's Senate testimony last June.
- Powell's testimony included discussions about renovating Federal Reserve buildings.
- Powell claims the indictment is a result of the Federal Reserve's decisions on interest rates.
- He has served under four U.S. administrations.
- Powell stated he will continue his role with integrity and focus on public service.
