Janet Yellen Says Trump’s Moves Against Powell Are Backfiring
Bloomberg.com • • business
Key Points:
- Federal Reserve Chair Jerome Powell was revealed to be under a criminal investigation by the Trump administration, as announced in a statement and video posted on the Fed’s website on January 11.
- The Justice Department alleges that Powell may have lied to Congress regarding the extent of a $2.5 billion renovation project at the Federal Reserve’s headquarters.
- The announcement quickly gained global attention due to the significance of the allegations against a key central banking figure.
- Bloomberg continues to provide timely and accurate business and financial news, including coverage of this developing story.
