www.bloomberg.com
Federal Reserve Chair Jerome Powell revealed that the Justice Department has issued grand jury subpoenas to the central bank, signaling a potential criminal indictment. This development marks a significant escalation in the Trump administration’s ongoing attacks on the historically independent institution. The subpoenas threaten the Fed’s autonomy as it navigates complex economic policy, raising concerns about political interference in monetary decision-making. The situation underscores heightened tensions between the central bank and the executive branch, with legal and economic implications for US financial stability.
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