Federal Reserve Chair Cites Interest Rate Disputes as Backdrop to DOJ Probe

Federal Reserve Chair Jerome Powell has suggested that a criminal investigation initiated by federal prosecutors is politically motivated. He argued it stems from the central bank’s refusal to align interest-rate policy with the President’s preferences. This action comes as Powell’s term nears its expiration in May 2026 amid intensifying friction with President Donald Trump. Federal Reserve Chair Links Criminal Probe to Rate Policy Standoff In a recent video, Federal Reserve Chair Powell disclosed that the US Department of Justice issued grand jury subpoenas to the Fed on Friday source: https://beincrypto.com/powell-criminal-probe-interest-rate-independence/