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Former Fed chiefs attack DoJ probe into Jay Powell

Former Fed chiefs attack DoJ probe into Jay Powell

12 Ocak 2026Financial Times

🤖AI Özeti

Former Federal Reserve chairs have criticized the Department of Justice's investigation into current Fed Chairman Jay Powell. They argue that the actions of the Trump administration resemble those of an emerging market, undermining the independence of the central bank. This statement reflects growing concerns about political interference in economic policymaking.

💡AI Analizi

The criticism from former Fed chiefs highlights a significant tension between political authority and central bank independence. By likening the Trump administration's actions to those of emerging markets, they underscore the risks of politicizing monetary policy, which could lead to instability in financial markets and erode public trust in economic institutions.

📚Bağlam ve Tarihsel Perspektif

The investigation into Jay Powell comes amid broader concerns regarding the integrity of the Federal Reserve's operations and its ability to function free from political pressures. This incident raises questions about the future of U.S. monetary policy and the potential implications for economic governance.

This article reflects the opinions of former Federal Reserve chairs and does not necessarily represent the views of the Financial Times.

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