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Search results for: "Federal Reserve". 16 articles found.
Federal Reserve chief Jerome Powell says the Justice Department has opened a criminal investigation into him, and he's framing it as a direct threat to the central bank's independence, the Washington Post reports. The probe centers on the Fed's costly renovation of its Washington headquarters and Powell's June testimony to...
Powell said the investigation is a result of the Federal Reserve refusing to adhere to the President's preferences on sharply slashing interest rates.
"If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none."...
NPR - 5 hours 59 min agoThe Justice Department has subpoenaed the Fed over chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
President Donald Trump denied having any knowledge of the Justice Department's investigation into the Federal Reserve after the agency subpoenaed the central bank Friday.
Stocks fell in overnight trading Sunday after Federal Reserve Chair Jerome Powell confirmed the Trump administration had opened a criminal investigation into the central bank. Dow Jones Industrial Average futures were down 200 points shortly after 8:30 p.m. EST, falling 0.4 percent. S&P 500 futures were down 0.5 percent and Nasdaq futures were down 0.7...
Federal Reserve Chairman Jerome Powell announced Sunday that the Department of Justice has threatened him with criminal charges.
President Trump has long pressured Powell to cut the central bank's interest rates...
Fed chair Jerome Powell hits back, accusing DoJ of threatening criminal charges because central bank defied Trump's demands The Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump's extraordinary attack on the US central bank. In a blistering statement on Sunday, Powell argued he had been threatened with criminal charges because the Fed had set interest rates "based on our best assessment of what...
Boston Herald - 6 hours 48 min agoThe move represents a major escalation in President Donald Trump's battle with the Fed.
The Department of Justice (DOJ) has opened a probe into the Federal Reserve's ongoing renovation of its headquarters in Washington, D.C. Federal Reserve Chair Jerome Powell said in a statement Sunday that the DOJ served the Fed with grand jury subpoenas and threatened a criminal indictment related to his testimony before the Senate Banking Committee...
The US attorney's office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, according to a report.
Federal Reserve Chair Jerome Powell said Sunday that the Department of Justice had subpoenaed the central bank on Friday with the threat of a criminal indictment, the latest move in a year-long pressure campaign from the Trump administration.
President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.
President Trump, left, and the Federal Reserve chair, Jerome Powell, right, touring the renovation site at the central bank's headquarters in Washington in July.
The Supreme Court justices are back on the bench for their first session of the new year, and several major cases are slated for oral arguments. Over the next two weeks, battles over transgender athlete bans, the Second Amendment and President Trump's firing of a Federal Reserve governor will play out before the justices. Here's a look at January's Supreme...
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