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It's not clear how the inquiry into Federal Reserve Chair Jerome Powell was approved, but housing regulator Bill Pulte met with President Donald Trump at Mar-a-Lago, and shared a prop resembling a "wanted poster" he had made up featuring Powell.
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The Justice Department's probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank's headquarters has raised alarms.
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The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank against the efforts of President Trump to control the Fed.
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There's more to the probe aimed at the Federal Reserve chair than meets the eye.
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Dow falls more than 100 points as DOJ Powell probe raises fear Trump trying to take control of the Fed: Live updates CNBCStatement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)Fed Changes Tack as Trump Administration Invokes ‘Nuclear Option' The New York TimesRepublican Sen. Thom Tillis vows to block Trump's Fed nom
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A broader shift out of U.S. financial assets would revive last year's trend called the "sell America" trade.
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A Republican senator with leverage says he won't support a nominee for Fed chair until the Justice Department's probe of Jerome Powell is resolved.
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Powell adds that it's the result of a power struggle between the Fed and President.
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The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an "unprecedented" criminal indictment against him over cost overruns for the renovation of the Fed's headquarters building.
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