US prosecutors launch criminal investigation into the Federal Reserve
US prosecutors have launched an inquiry that could lead to a “criminal indictment” of the Federal Reserve, Chairman Jerome Powell said on Sunday, January 11, accusing the Trump administration of escalating “threats and ongoing pressure” over monetary policy.Powell appeared in a video statement confirming that the central bank received grand jury subpoenas on Friday, January 9, related to his June Senate testimony about renovation costs for Federal Reserve office buildings. He described the subpoenas as “pretexts” linked to months of conflict with President Donald Trump, who has repeatedly criticized the Fed for not cutting interest rates more aggressively.“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of w...










