US EditionUS Prosecutors Probe Fed Chief Amid Escalating Trump Clash
Jerome Powell received a grand jury subpoena over his June Senate testimony amid claims of presidential pressure to undermine Federal Reserve independence, officials said.
- On Sunday, The New York Times reported Jeanine Pirro, U.S. Attorney for Washington, D.C., opened an investigation last November, and Jerome Powell, Federal Reserve Chairman, received a grand-jury subpoena.
- President Donald Trump sparked outrage on Sunday when it was revealed one of his handpicked prosecutors opened the probe, and commentators said Powell accused the administration of 'ginning up' a criminal inquiry.
- On social media, lawyer Tom Ryan called Powell 'Disgusting!' and GOP analyst Sarah Longwell praised him as `A man who refuses to be intimidated`, reflecting polarized reactions.
- Sen. Thom Tillis warned the episode raises doubts about the Department of Justice's credibility and vowed to oppose confirmations for the upcoming Fed Chair vacancy until resolved.
- Powell described the subpoena as `ongoing pressure` from the president, and analysts warned it could politicize the Federal Reserve and erode public confidence.
16 Articles
16 Articles
US prosecutors probe Fed chief amid escalating Trump clash
WASHINGTON: US prosecutors have opened an inquiry into Federal Reserve Chair Jerome Powell, prompting a rare rebuke from the central bank chief against escalating pressure from Donald Trump’s administration as the president pushes for lower interest rates.
Donald Trump is indignant with an apparent revenge campaign against Jerome Powell. The U.S. Attorney General's office is investigating the head of the U.S. Federal Reserve. But Powell publicly resisted and struck back with a video message, in which he unsparingly distributes against the U.S. President.
The conflict between the head of the US Federal Reserve, the Fed, Jerome Powell, and US President Donald Trump is escalating: Powell now throws Trump ... The post dispute with Trump escalates: Criminal investigations against US Federal Reserve Chief Powell appeared first on Apollo News.
Escalation in the dispute between US President Donald Trump and the head of US Federal Reserve Fed, Jerome Powell. It's not just a construction project.
'Disgusting!' Trump sparks outrage with 'extraordinary' move against the Federal Reserve
President Donald Trump sparked outrage on Sunday when it was revealed that one of his handpicked prosecutors had opened an investigation into the Federal Reserve chairman. The New York Times reported on Sunday that Jeanine Pirro, U.S. Attorney for Washington, D.C., opened an investigation into Federal Reserve Chairman Jerome Powell last November. Powell said in a statement later that day that he had received a subpoena to testify before a grand …
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
