Jerome Powell DOJ Investigation Sparks Global Backlash Over Central Bank Independence
Jerome Powell describes a DOJ criminal investigation into his conduct as a pretext for political intimidation following condemnation from global central banks and senior Republican lawmakers.JPMorgan CEO Jamie Dimon warned that the probe threatens central bank independence and could increase borrowing costs for the USA as global entities like the EU express solidarity with the Federal Reserve.The investigation has unified former Treasury secretaries and former
Federal Reserve chairs in opposition amid concerns that the legal pressure aims to force
Jerome Powell from his position before his term ends.
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