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The Trump administration launched a Justice Department probe into Fed Chair Jerome Powell over his criticism, raising concerns about undermining institutional independence.
The Trump administration has intensified scrutiny of government officials who oppose it, launching a Justice Department inquiry into Federal Reserve Chair Jerome Powell following his criticism of the Fed’s renovation and refusal to cut rates.
Powell called the probe an attempt to undermine the central bank’s independence.
Earlier, Trump sought to remove Fed board member Lisa Cook over fraud allegations, leading to a Supreme Court case that allowed her to stay while her legal challenge proceeds.
Former FBI Director James Comey was indicted for lying to Congress but has not been convicted.
White House Chief of Staff Susie Wiles acknowledged the administration’s use of retribution, raising concerns about institutional independence and the rule of law.
La administración Trump lanzó una investigación del Departamento de Justicia sobre el presidente de la Fed, Jerome Powell, por sus críticas, lo que generó preocupaciones sobre el socavamiento de la independencia institucional.