US prosecutors launch criminal investigation into Federal Reserve’s Jay Powell
Chair says probe follows central bank’s refusal to bow to White House push for much lower interest rates
Chair says probe follows central bank’s refusal to bow to White House push for much lower interest rates

Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next US central bank chief

Federal Reserve chair says the probe relating to a $2.5bn renovation of HQ is a ‘pretext’ to rein in central bank’s independence

President’s remarks come after judge called the investigation an attempt to coerce Fed chair to lower interest rates

US president insists Justice Department will not drop criminal probe into central bank chair

Central bank chair could stay on board beyond this year in effort to protect central bank’s independence

Joint statement accuses Trump administration of behaving as if US is an emerging market ‘with weak institutions’