BREAKING: Federal Reserve Chair Jerome Powell Says He’s Under Federal Investigation

The Fed chair says subpoenas and the threat of criminal charges are retaliation for refusing to set interest rates according to the president’s wishes.

In a new video, Federal Reserve Chair Jerome Powell says grand jury subpoenas served on the Federal Reserve, supposedly tied to his Senate testimony about a renovation project, are being used to intimidate the Fed for setting interest rates based on economic evidence rather than political demands.

The New York Times reports that D.C. U.S. Attorney Jeannine Pirro opened a federal investigation into Powell this past November.

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