Jerome Powell Faces DOJ Probe Amid Donald Trump Clashes

Global central bankers from the EU and Republican lawmakers in the USA are defending Jerome Powell after the DOJ launched a criminal investigation into his testimony regarding Federal Reserve renovation costs.Jerome Powell accused the Donald Trump administration of using the probe to undermine central bank independence following disagreements over interest rate policies.While Senator Thom Tillis threatened to block future nominees in protest, former officials warned that the investigation threatens the rule of law and economic stability.