đąđ¶ BREAKING: DOJ Opens Criminal Probe Into Fed Chair Jerome Powellâ
đ§œ The U.S. The Justice Department has reportedly launched a criminal investigation into Federal Reserve Chair Jerome Powell, escalating tensions between the Fed and President Donald Trump.
đČ What happened?
Powell says DOJ subpoenas stem from testimony he gave to the Senate about renovations to Federal Reserve buildings.
đ§§ Powellâs warning:
He called the probe âunprecedentedâ and suggested it followed his refusal to cut interest rates despite heavy political pressure.
đ Why it matters:
This raises serious questions about Federal Reserve independence and whether monetary policy could be shaped by political intimidation instead of data.
đż Trumpâs response:
The president says he knows nothing about the probe, but criticizes Powellâs performance at the Fed.
đ„ Markets are watching closely. This isnât just about Powell â itâs about whether U.S. monetary policy stays insulated from politics.