US EditionMurkowski calls for Congress to investigate DOJ over Fed ‘coercion’
Sen. Murkowski calls DOJ probe into Fed Chair Powell a political coercion attempt, warning it risks Federal Reserve independence and market stability amid $2.5 billion renovation scrutiny.
- On Jan. 12, Sen. Lisa Murkowski, R-Alaska, urged Congress to investigate the Department of Justice, calling the probe of Federal Reserve Chairman Jerome Powell "an attempt at coercion."
- The Justice Department probe follows months of pressure from administration officials and President Donald Trump for the Federal Reserve to lower interest rates, and Trump plans to replace Powell later this year.
- The cost of renovating the Federal Reserve headquarters in Washington rose from $1.9 billion to $2.5 billion, while the president said it exceeded $3 billion and Powell called scrutiny a pretext.
- Some senators, including Sen. Thom Tillis, R-N.C., said they will block Fed confirmations until the legal matter is resolved, with Cramer urging quick resolution to restore confidence, citing `I hope this criminal investigation can be put to rest quickly along with the remainder of Jerome Powell’s term`.
- Lawmakers warn the probe risks undermining central bank independence, cautioning that the Department of Justice's actions threaten the Federal Reserve and stability of markets and the broader economy.
11 Articles
11 Articles
RINO Senator Murkowski Lashes Out at Trump DOJ Over Powell Criminal Probe, Backs Tillis's Decision to Block Fed Nominations
Lisa Murkowski is the second RINO Senator to criticize the Trump Justice Department over its criminal investigation into Fed Chair Jerome Powell. Federal investigators opened a criminal investigation into Fed Chairman Jerome Powell. Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. In July, GOP Congresswoman Anna Paulina Luna sent a letter to the DOJ accusing Powell o…
Murkowski calls for Congress to investigate DOJ over Fed ‘coercion’
Sen. Lisa Murkowski (R-Alaska) called for a congressional investigation into the Justice Department after the Trump administration announced a probe into the Federal Reserve, calling the move an attempt to coerce the central bank to lower rates.
NBC San Diego
Republican lawmakers speak out against DOJ's Federal Reserve probe
A growing list of Republicans, including two senators on the influential Senate Banking Committee, have spoken out against the Justice Department subpoenas of the Federal Reserve and warned that the probe could undermine the central bank’s independence. Sen. Lisa Murkowski, R-Alaska, said in a statement that she spoke with Fed Chair Jerome Powell on Monday and that “it’s clear the administration’s investigation is nothing more than an attempt at…
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