Trump wants interest rates slashed and more control over the Fed, but first he'll have to get Fed Chair Jerome Powell out of the way

U.S. prosecutors have opened a criminal investigation into Fed Chair Jerome Powell, focusing on his congressional testimony over Fed building renovations.

The Justice Department’s probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank’s headquarters has raised alarms.

Ex-Fed chiefs Ben Bernanke, Alan Greenspan and Janet Yellen joined other economic leaders in slamming the probe. Read more at straitstimes.com. Read more at straitstimes.com.

Ex-Fed chiefs Ben Bernanke, Alan Greenspan and Janet Yellen joined other economic leaders in slamming the probe. Read more at straitstimes.com. Read more at straitstimes.com.

The Federal Reserve’s renovation of its DC headquarters is obscene, but Team Trump’s moves toward building a criminal case against Fed chief Jerome Powell are a gift to the president’s critics.

Criticism has been pouring in from Republican and Democratic lawmakers, former Fed chairs and top officials after the US Justice Department launched a criminal investigation against Federal Reserve chairman…

Powell said the inquiry relates to testimony he gave to a Senate committee about renovations to Federal Reserve buildings.

Three former heads of the central bank say the probe seeks to undermine the Fed's independence and "has no place" in the US.

Senators from both sides of the aisle have blasted the investigation. Read more at straitstimes.com. Read more at straitstimes.com.

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell, which Powell said was an attempt to exert more control over the Fed, has sparked a backlash that may undermine the White House’s goals.

The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank that President Donald Trump wa...

Jerome Powell accuses administration of using legal threats to influence Federal Reserve policy, as White House pushes for dramatic cuts in interest rates

Jerome Powell accuses administration of using legal threats to influence Federal Reserve policy, as White House pushes for dramatic cuts in interest rates

The DOJ has taken aim at Fed chairman Jerome Powell, handing the high court a case-in-point for preserving Fed independence from politically motivated threats.

"It gets worse by the day."

Federal Reserve Chair Jerome Powell's extraordinary response to an unprecedented Justice Department criminal investigation sends an emphatic and dramatic message: Trump administration efforts to curtail the central bank's independence via a criminal probe will be met with equally powerful resistance.

"The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president," says Jerome Powell.

President Donald Trump's administration escalated its pressure on the nation's independent central bank Friday when the Department of Justice launched a criminal investigation of Federal Reserve Chair Jerome Powell.

And the market is gently shrugging.