✉news BusinessBanking first seen 1 d ago, last 2 h ago, peak #1
DOJ Says It Will Not Reopen Criminal Probe Into Fed's Powell
Original: DOJ Not Reopening Criminal Probe Into Fed’s Powell, Blanche Says
US Deputy Attorney General Todd Blanche said the Justice Department will not reopen a criminal investigation into Federal Reserve Chair Jerome Powell, according to Bloomberg. The statement puts an end to speculation that the department might revive scrutiny of the central bank chief. The news is drawing attention from markets and banking watchers given the Fed's independence and Powell's role in setting interest rate policy.
Why now: Any suggestion of criminal scrutiny of the Fed chair threatens confidence in the central bank's independence, so its formal closure matters to markets.
Todd BlancheJerome PowellUS Department of JusticeFederal Reserve
Evidence
- DOJ Not Reopening Criminal Probe Into Fed’s Powell, Blanche Says · Bloomberg.com
API: https://socialmediatrends-api.osmike.com/v1/trends/771036