Fed, Trump and central bank
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2don MSN
Former Fed chairs, Treasury secretaries defend Jerome Powell amid Trump DOJ's criminal probe
Treasury secretaries from both administrations of both parties is defending Fed Chair Jerome Powell amid the Trump DOJ's investigation.
Former Federal Reserve chiefs sharply criticized on Monday a US criminal probe into current chair Jerome Powell, calling it an "unprecedented attempt" to undermine the central bank's independence.
The stakes are too high to look the other way: if the Federal Reserve loses its independence, the economy will suffer.”
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