The Justice Department has opened a criminal investigation of Federal Reserve Board Chair Jerome H. Powell, the central bank said Sunday, tied to the renovation of the Fed's headquarters along the National Mall. Powell accused the Justice Department of using the threat of criminal prosecution to pressure the central bank to lower interest rates, describing…
That is why Trump’s renewed attack on Jerome Powell, chairman of the Federal Reserve, is cause for concern. Powell joined the Fed’s Governing Board in May 2012. In February 2018, he became its chairman after being nominated by then- President Trump and confirmed by the Senate.
Read more
