United States/Politics/US Justice Department opens criminal investigation into Federal Reserve Chair

US Justice Department opens criminal investigation into Federal Reserve Chair

Jan 12, 202651 sources

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Summary

The US Justice Department has opened a criminal investigation into Federal Reserve Chair Jerome Powell. Federal prosecutors have reportedly issued a subpoena to Powell as part of this inquiry.

The news has caused significant market turbulence, with the US dollar dropping in value. It has also raised broader questions about the independence of the central bank from political interference.

Source Headlines

51 headlines from 31 publishers

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US opens criminal investigation into Fed chair

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Financial Times →