What Happens When You Investigate a Central Bank Chief? An Economist Explains
Mihai Prelipcean
The unprecedented decision by the Department of Justice (DOJ) to open a criminal investigation into Federal Reserve Chair Jerome Powell has sent shockwaves across global markets and Washington, D.C. It follows months of pressure from President Donald Trump on Powell to cut interest rates . He has publicly attacked Powell, called him “incompetent,” and floated the idea of firing him. Trump claimed he did not "know anything" about the investigation in an interview with NBC News. Several former
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