Powell Links Legal Action To Rate Policy Stance
Edited By WION Video Desk
Published: Jan 12, 2026, 12:06 IST | Updated: Jan 12, 2026, 12:06 IST
U.S. Federal Reserve Chair Jerome Powell says the Department of Justice has issued grand jury subpoenas to the Federal Reserve, threatening a possible criminal indictment linked to his June congressional testimony about renovations and monetary policy decisions. Powell framed the legal action as politically motivated pressure aimed at influencing rate policy and defended the Fed’s independence amid growing tensions.
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