Trump Vs The Fed Escalates: DOJ Subpoenas, Criminal Threats Over Rate Policy | Business News

Trump Vs The Fed Escalates: DOJ Subpoenas, Criminal Threats Over Rate Policy | Business News An unprecedented confrontation is unfolding between the White House and the US Federal Reserve. Fed Chair Jerome Powell has revealed that the Department of Justice has served subpoenas and threatened the central bank with criminal indictment, a move Powell says is linked to the Fed’s refusal to cut interest rates under political pressure. Rejecting claims that the dispute is about building renovations or congressional oversight, Powell warned that the actions amount to intimidation aimed at influencing monetary policy. He stressed that the Fed must remain independent and set rates based on economic data and evidence, not presidential preferences. #jeromepowell #federalreserve #trumpvsfed #uspolitics #interestrates #fedindependence #usmarkets #globalmarkets #businessnews #breakingnews #etnow control your money with economic times now. YouTube Channel -    / @etnow   Subscribe To ET Now For Latest Updates On Stocks Market News , Business News, Company News, IPO & More | https://bit.ly/SubscribeToETNow Subscribe Now To Our Network Channels :- ET Now Swadesh:    / etnowswadesh   Times Now: http://goo.gl/U9ibPb Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC Website - https://www.etnownews.com Follow us on Google News for latest updates ET Now: https://news.google.com/publications/... Times Now Navbharat: https://bit.ly/3zDaKJo Times Now : https://bit.ly/3CyrrYg Zoom: https://bit.ly/3CEK0dv