Criminal Investigation Raises Key Question: Will Chair Powell Leaves Fed in May?

The big central banking lie

President Trump, who has so far acted with impunity, humiliating his political allies abroad and brushing aside domestic opposition, might have just found his match in Fed Chair Jerome Powell. On 11 January, the President’s months-long conflict with the unrelenting lawyer-turned-central banker reached boiling point. US federal prosecutors officially opened an investigation into Powell over costs of the Fed’s renovation projects, only for the Cha…

Scott Bessent says Jerome Powell probe likely due to the chairman's 'construction incompetence'

U.S. Treasury Secretary Scott Bessent told "Kudlow" Friday that the probe into Federal Reserve Chairman Jerome Powell is likely due to "construction incompetence.""I don't know anything about construction, seemingly not many people at the Fed do," he said.A criminal investigation into Powell was launched to determine whether he lied to Congress about the scope of renovations at the central bank’s Washington headquarters. The Department of Justic…

Janet Yellen Says Trump’s Moves Against Powell Are Backfiring

In this episode of Everybody’s Business , the former Treasury secretary argues the criminal probe of the Fed Chair is “akin to shooting oneself in the foot.”

Criminal investigation raises key question: Will Chair Powell leaves Fed in May?

By CHRISTOPHER RUGABER, Associated Press Economics Writer WASHINGTON (AP) — The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends, or will he take the unusual step of remaining a governor? Related Articles Supreme Court will decide on use of warr…

Andrew Ross Sorkin Explains the DOJ Criminal Investigation of the Fed Chair

The DOJ launched a rare criminal investigation into Fed Chair Jerome Powell, threatening potential charges tied to his congressional testimony. As Pres Trump doubles down on his demand that Powell lower interest rates, the independence of the Fed is being tested. Andrew Ross Sorkin, a NYT columnist and the author of "1929,” breaks down the political and economic implications of this investigation.

Other Views: With Powell probe, Trump’s abuse of the criminal justice system hits a new low

One of the most insidious aspects of the Trump era is how quickly the public gets used to what should be unacceptable scenarios — such as the use of federal criminal prosecutions for political retribution.