Criminal investigation into Fed chair Powell has ‘reinforced’ concerns over independence, Goldman Sachs warns, as dollar weakens – as it happened
The worsening relations between the US Federal Reserve and the White House have triggered fears that the independence of America’s central bank is being threatened.
Last night, Fed chair Jerome Powell revealed that the Department of Justice had served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to his testimony before the Senate Banking Committee last June. The probe relates to the renevation of Fed buildings.
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