Jerome Powell

“retaliation for not cutting rates quickly enough.”

“Powell dismissed the probe as an attempt to punish him for not lowering rates faster.”

“He revealed that he had been threatened with legal action.”

“This month, Powell revealed that US prosecutors had opened an inquiry into him over an ongoing renovation of the Fed's headquarters.”

“Powell has claimed the DOJ investigation is the administration attempting to leverage more influence over monetary policy.”

“Powell revealed this month that the Justice Department has launched an investigation into him.”