Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed
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Kevin Hassett, a key economic adviser to Donald Trump, downplayed the ongoing investigation by the US Department of Justice into Federal Reserve Chair Jerome Powell, stating there is 'nothing to see here.' His comments come amid increasing scrutiny and criticism of the Trump administration's actions against the Fed's independence, particularly following the issuance of grand jury subpoenas. This situation highlights the tension between the administration and the central bank.
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The investigation into Jerome Powell by the Department of Justice marks a notable shift in the relationship between the Trump administration and the Federal Reserve, an institution that has historically operated free from political interference. The issuance of grand jury subpoenas signals a serious escalation in tensions, raising concerns about the future of US monetary policy.
This article reflects the views and opinions of the author and does not necessarily represent the official stance of The Guardian.
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