Powell says US Fed subpoenaed by Trump's justice department
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Jerome Powell, the head of the US Federal Reserve, has claimed that former President Donald Trump is leveraging the threat of criminal indictment to sway monetary policy decisions. This assertion comes amid ongoing tensions between the Fed and the Trump administration. Trump has refuted any awareness of the investigation related to these allegations.
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The Federal Reserve is tasked with managing the US economy, primarily through monetary policy. Any perceived interference from political figures can undermine public confidence in the Fed's ability to operate independently, which is crucial for maintaining economic stability.
This article is based on statements made by public figures and does not reflect the views of DW.
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