Federal Reserve Chair Jerome Powell on Sunday (January 11) said the Trump administration has threatened to indict him over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more influence over the central bank and monetary policy.

In that sense, the investigation is also a message to whoever succeeds Powell, likely either Trump adviser Kevin Hassett or former Fed governor Kevin Warsh. Both claim they will be independent. But if either sets interest rates contrary to Trump’s desires,

F or nearly a year, Donald Trump has assailed the Federal Reserve with unjustified criticism and legal threats. Until this weekend, Jerome Powell, the Fed chair, maintained a studied public silence. Now,

The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an “unprecedented” criminal indictment against him over cost overruns for the renovation of the Fed’s headquarters building.

Investors took one look at the Trump administration’s criminal investigation of Fed Chair Jerome Powell, and they decided to resuscitate the “Sell America” trade, selling off US stocks, bonds and the dollar.

Sell America” sentiment rippled through markets on Monday after the Trump administration escalated its attacks on the Federal Reserve, fanning concerns over the central bank’s autonomy in setting interest rates.

Investors could reassess U.S. assets as Powell probe reignites fears over central bank's independence from the White House.

President Donald Trump faced immediate bipartisan pushback Sunday night after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation as a pretext to pressure and intimidate the central bank.