US prosecutors open investigation into Federal Reserve Chair Jerome Powell
Summary
Federal investigators are looking into Federal Reserve Chair Jerome Powell's congressional testimony regarding the central bank's renovation. Powell claims this investigation is meant to weaken the Federal Reserve's independence.Key Facts
- The investigation is being conducted by federal authorities within the Trump administration.
- The focus of the investigation is Jerome Powell's congressional testimony.
- The testimony in question is related to a renovation project at the Federal Reserve.
- Jerome Powell argues that the investigation is an attempt to challenge the Federal Reserve's independence.
- The Federal Reserve is the central bank of the United States.
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