Federal Reserve Chair Jerome Powell Under Investigation by US Prosecutors

Federal Reserve Chair Jerome Powell Under Investigation

US prosecutors have launched a criminal investigation into Federal Reserve Chair Jerome Powell, according to sources. The probe is reportedly related to his congressional testimony regarding the central bank’s renovation.

In a video statement, Powell stated that an investigation by the Trump administration is intended to undermine the independence of the Federal Reserve. However, no further details on this claim have been provided.

The investigation into Powell’s testimony has led to the opening of a criminal probe, with federal investigators examining the matter. The specifics of the investigation are currently unknown.

Powell’s statement regarding the investigation has sparked attention, but it is unclear at this time what evidence or actions may be relevant to the inquiry.

Source: Al Jazeera