BURSTPresident says ‘it would be a complete mess’ if the supreme court rules against tariffs, with decision expected as soon as Wednesday
The US Fed Chair released his own video on Sunday to announce that he was facing investigation by federal prosecutors and that the Federal Reserve had been served with subpoenas.
Powell is being investigated over costly renovations of Federal Reserve buildings – which he says is a politically-motivated pretext.
“This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress’s oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project. Those are pretexts.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.
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