DOJ Launches Criminal Investigation into Jerome Powell

#WashingtonDC, #USA
Global markets faced significant volatility after the DOJ launched a criminal investigation into Jerome Powell regarding his congressional testimony and renovation projects.Jerome Powell characterized the investigation and a concurrent lawsuit against the Federal Reserve as a pretext for Donald Trump to undermine the independence of the central bank.Economists and investors expressed concern that political interference in interest rate policy could destabilize the financial system in the USA and increase global borrowing costs.
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