Powell: DOJ Subpoenas Attempt to Influence Fed Rate Policy
Federal Reserve Chair Jerome Powell suggests that the Department of Justice's grand jury subpoenas related to his testimony regarding renovations are a pretext. According to reports, Powell believes the subpoenas are an attempt to exert pressure on the central bank concerning interest rates. Powell views this as a threat to the independence of the Federal Reserve. The development raises concerns about the potential for political interference in monetary policy decisions.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.