Powell accuses Trump of pressuring Fed via DOJ probe, futures slide
TL;DR
U.S. stock futures fell after Fed Chair Jerome Powell said the DOJ subpoenaed the Federal Reserve and threatened a criminal indictment over HQ renovations, accusing Trump of pressuring the Fed and raising questions about the central bank's independence and potential rate moves.
- U.S. stock futures sink after Powell accuses Trump of intimidation over DOJ probe MarketWatch
- Opinion | Trump’s Scheming to Sack Powell Paves the Road to Constitutional Ruin The New York Times
- Treasury Secretary Bessent not happy about investigation into Powell, conveyed concerns to Trump: Sources ABC News
- What to know about Trump's ugly feud with the Federal Reserve NPR
- Republicans are speaking out on behalf of the Fed. Not Banking Chair Tim Scott. Politico
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