💨 Abstract

The U.S. Department of Justice, under Donald Trump, has launched a criminal investigation into Federal Reserve Chair Jerome Powell. Powell believes this is retaliation for not lowering interest rates as Trump wished. The investigation centers around Powell's congressional testimony regarding building renovations, which Trump alleges are over budget and include unnecessary luxuries. Critics argue this move threatens the independence of the Federal Reserve, a key principle in U.S. economics.

Courtesy: Sarah Hooper