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.

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.