Federal Reserve Chair Jerome Powell said Sunday in a video statement the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment. Powell said the action was related to his June congressional testimony on ongoing renovations of the Fed’s headquarters. Michael McKee examines this escalation of the Trump administration’s attacks on the institution. (Source: Bloomberg)
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Powell Vows to Stand Firm as Fed Served With DOJ Subpoenas
