President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.

cross-posted from: https://beehaw.org/post/24179103

Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, he confirmed on Sunday evening.

Powell said the probe was the result of the Fed “setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of” President Donald Trump.

Terrible precedent that will harm our economy’s ability to recover from high unemployment or inflation.

Powell’s statement is worth a read

  • StinkyFingerItchyBum@lemmy.caEnglish
    13·
    1 day ago

    CBC article headline: U.S. federal reserve chair says justice department has threatened him with criminal indictment

    NYT article headline: Federal Prosecutors Open Investigation Into Fed Chair Powell

    Suck a dick NYT. Fascist windbags. You win the Muhammad Saeed al-Sahha, Minister of Information prize for journalism.