Ex-Fed chairs condemn DOJ probe into Powell as markets wobble
TL;DR
A bipartisan group of former Fed chairs and top officials publicly rebuke the Justice Department's investigation into Fed Chair Jerome Powell, warning the move could threaten the central bank's independence, as financial markets digested the news with stocks wavering and the dollar slipping.
Topics:businesseconomy#economy#federal-reserve-system#financial-markets#jerome-powell-government-figure#legal-proceedings#monetary-policy
- Former Fed chiefs rebuke Justice Department probe into Fed chair The Washington Post
- Statement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)
- Federal Prosecutors Open Investigation Into Fed Chair Powell The New York Times
- Stock market today: Dow, S&P 500, Nasdaq try for gains after DOJ begins criminal probe of Powell Yahoo Finance
- Trump's repeated threats to sue and replace Fed Chair Jerome Powell NBC News
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