Schumer: Trump ‘Bullying’ Federal Reserve with DOJ Subpoenas

Trump’s Desperate Attempt to Bully the Fed

The Trump administration has opened a criminal investigation into Federal Reserve Chair Jerome Powell on grounds so flimsy and transparently hypocritical that it is difficult to know whether anybody is supposed to take the charges at face value. When a respected public servant is being accused of wasting taxpayer dollars and lying to Congress by a president whose extravagant White House renovation has already doubled in cost in just three months…

Schumer: Trump ‘bullying’ Federal Reserve with DOJ subpoenas

Senate Democratic Leader Chuck Schumer (N.Y.) is accusing President Trump of “bullying” the Federal Reserve with criminal subpoenas, echoing an allegation Fed Chairman Jerome Powell made in a video statement Sunday.   “Donald Trump’s assault on the Fed’s independence continues, threatening the strength and stability of our economy,” Schumer said in a statement. “This is…

Trump denies knowledge of DOJ Fed investigation; Pete Hegseth to deliver remarks in Texas

President Donald Trump denied that he was involved in the Justice Department's decision to subpoena the Federal Reserve. Chair Jerome Powell said the Federal Reserve was being targeted for making decisions that “serve the public" rather than the president’s “preferences.”

Trump Claims No Role In Fed Subpoenas

“President Donald Trump denied having any knowledge of the Justice Department’s investigation into the Federal Reserve after the agency subpoenaed the central bank Friday,” NBC News reports. Said Trump: “I don’t know anything about it, but he’s certainly not very good at the Fed, and he’s not very good at building buildings.”

Markets Jittery as DOJ Scrutiny of Federal Reserve Collides With Inflation and Election-Year Politics

Financial markets showed renewed volatility following reports that the Department of Justice has issued subpoenas related to the Federal Reserve and its leadership, raising questions about the future of Chairman Jay Powell and the long-debated independence of the central bank. The inquiry reportedly centers on testimony to Congress concerning a multibillion-dollar renovation of Federal Reserve office buildings, a project that has drawn criticism…