Fed Served With DOJ Subpoenas, Powell Vows to Stand Firm

The issuance of subpoenas to the Federal Reserve by the Justice Department raises serious questions about the separation of powers and the independence of monetary policy. As the Trump administration escalates its attacks, the implications for the Fed's credibility and operational autonomy could be profound. Powell's steadfast response may be crucial in maintaining public confidence in the central bank's ability to function free from political interference.