The Bulwark’s economics editor Catherine Rampell, Sam Stein, and JVL provide breaking analysis after Fed chair Jerome Powell released a remarkable video message Sunday night announcing an “unprecedented” criminal investigation into him by federal prosecutors. Powell, in the video, says the probe is because the Fed has been setting interest rates “based on our best assessment of what will serve the public, rather than following the preferences of” President Donald Trump.
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The Bulwark’s economics editor Catherine Rampell, Sam Stein, and JVL provide breaking analysis after Fed chair Jerome Powell released a remarkable video message Sunday night announcing an “unprecedented” criminal investigation into him by federal prosecutors. Powell, in the video, says the probe is because the Fed has been setting interest rates “based on our best assessment of what will serve the public, rather than following the preferences of” President Donald Trump.