Deep Tide TechFlow News, January 12th, Federal Reserve Chairman Powell issued a strong statement regarding the Department of Justice grand jury subpoena, calling the criminal investigation threat a "political excuse." He stated that the true reason for the investigation is that the Federal Reserve did not cut interest rates according to the President's wishes, rather than the congressional testimony about the Federal Reserve building renovation project. Powell vowed to continue making independent decisions based on economic data, not succumbing to political pressure, and to uphold the mission of maintaining price stability and achieving maximum employment.