LeadStory

How is Fed Chair Powell responding to Trump's probe?

Asked 4 hours ago

Answer

Fed Chair Jerome Powell responds to the DOJ probe by emphasizing the Federal Reserve's independence, calling the investigation unprecedented and a pretext for political pressure. He reaffirms his commitment to serving without political influence, standing firm against intimidation, and maintaining the Fed's mandate. Powell describes the probe as a test of central bank independence amid ongoing tensions with the administration.

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Bloomberg

Powell vows to stand firm as Fed served with DOJ subpoenas

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Just In
  • Fed served DOJ subpoenas over building renovations 21s
  • Powell accuses president of extortion; president denies involvement 17s
  • Supreme Court to consider president's attempt to fire Powell 36s
  • Senate Banking Committee deadlocked on new Fed chair nomination 1m 16s
  • Administration may be pressuring Powell to resign after chair term 1m 44s

References

Powell vows to stand firm as Fed served with DOJ subpoenas
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Bloomberg
7 hours ago
Powell vows to stand firm as Fed served with DOJ subpoenas

Powell accuses the president of extortion and responds unusually strongly, vowing to stand firm amid political conflict.

U.S. opens criminal investigation into Fed Chair Jerome Powell
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Euronews
10 hours ago
U.S. opens criminal investigation into Fed Chair Jerome Powell

Powell states the threat of criminal charges is a pretext to undermine the Fed's independence in setting interest rates, not about the renovation or congressional oversight.

Fed chair Jerome Powell calls federal investigation "unprecedented"
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CBS America
10 hours ago
Fed chair Jerome Powell calls federal investigation "unprecedented"

Powell calls the investigation unprecedented and links it to ongoing administration pressure, stating it tests the Fed's independence.

Fed Chair Jerome Powell responds as DOJ launches investigation
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CBS America
10 hours ago
Fed Chair Jerome Powell responds as DOJ launches investigation

Powell remains defiant as the Justice Department opens a criminal investigation, described as unprecedented and part of broader administration pressure.

Powell responds to Justice Department subpoenas
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Bloomberg
10 hours ago
Powell responds to Justice Department subpoenas

Powell says the threat of criminal charges is a consequence of the Fed setting interest rates based on public interest, not presidential preferences, and reaffirms his commitment to serve without political influence.

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