Federal Reserve Chair Jerome Powell confirmed Sunday that the Justice Department has issued a subpoena to the US central bank, condemning the action as part of a broader pressure campaign from the White House. The development signals escalating tensions between the executive branch and the Fed's independence, raising questions about how political pressure might influence monetary policy decisions ahead.
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Federal Reserve Chair Jerome Powell confirmed Sunday that the Justice Department has issued a subpoena to the US central bank, condemning the action as part of a broader pressure campaign from the White House. The development signals escalating tensions between the executive branch and the Fed's independence, raising questions about how political pressure might influence monetary policy decisions ahead.