Federal Reserve Chairman Jerome Powell announced Sunday that the Department of Justice has threatened him with criminal charges.
Jan. 11 Federal Reserve Chairman Jerome Powell announced Sunday that the Department of Justice has threatened him with criminal charges over testimony he gave to Congress last year.
He called the criminal investigation into his comments in June about the renovation of Federal Reserve buildings «pretexts» to punish him and the Fed for failing to set federal interest rates based on President Donald Trump’s preferences.
«I have deep respect for the rule of law and for accountability in our democracy», Powell said in a video statement posted online. «No one, certainly not the chair of the Federal Reserve is above the law, but this unprecedented action should be seen in the broader context of the administration’s threats and ongoing pressure.
