Federal Reserve Chair Powell Says DOJ Criminal Probe Threatens Central Bank’s Independence

Federal Reserve Chair Jerome Powell warned that a criminal investigation launched by the U.S. Department of Justice could undermine the Federal Reserve’s independence. Powell revealed that the DOJ served the Federal Reserve with grand‑jury subpoenas last Friday, signaling the possibility of a criminal indictment tied to his testimony before Congress about the Fed’s $2.5 billion renovation of its Washington headquarters. Powell characterized the inquiry and the threat of prosecution as political pressure from the Trump administration aimed at influencing monetary policy, particularly interest‑rate decisions, rather than a legitimate legal action. He argued that monetary policy should be set based on economic data, not political intimidation. The unprecedented move has drawn criticism from lawmakers and legal experts concerned about preserving the Fed’s autonomy. Powell said he will continue his duties with integrity despite the legal threat. #FedIndependence #JeromePowell #DOJInvestigation #TrumpAdministration #SlimScan #GrowthStocks #CANSLIM