Fallout of criminal probe into Powell continues
Trump’s investigation faces backlash at home, in Congress and abroad
The fallout from the threatened criminal indictment of US Federal Reserve chair Jerome Powell continues, with domestic politicians, fellow Fed governors and one of the country’s leading business figures expressing their opposition.
On January 13, Jamie Dimon, president of JP Morgan Chase, said central bank independence was important and anything that chipped away at that was likely to be dangerous. US president Donald Trump responded on January 14 by saying Dimon “probably wants higher rates”
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