Powell said the investigation rests on “pretexts,” arguing it's retaliation for the Fed’s refusal to follow the Trump's preferences on interest rates.

President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.

Central bank chair condemns 'intimidation' following grand jury subpoenas.

Fed chair hits back, accusing DoJ of threatening criminal charges because central bank defied Trump’s demands

Powell called the probe "unprecedented" and came after his refusal to lower interest rates after demands by Donald Trump.

Federal Reserve Chairman Jerome Powell announced Sunday that the Department of Justice has threatened him with criminal charges.

He said in a statement Sunday that the Justice Department served the Fed with grand jury subpoenas, threatening a criminal indictment.

"If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none."

Powell said the investigation rests on “pretexts,” arguing it's retaliation for the Fed’s refusal to follow the Trump's preferences on interest rates.

Rolling coverage of the latest economic and financial news

U.S. Treasury yields were mixed on Monday as investors reacted to the announcement of the criminal investigation into Federal Reserve Chair Jerome Powell.

Wall Street analysts are almost universally negative about the news.

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

Jerome Powell has said that the US Federal Reserve is being threatened with criminal indictment by the Trump administration. In a video announcement, the Fed Chair said that the…

Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.

Previous Federal Reserve chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell.

President Donald Trump has frequently lambasted the Fed chair for not cutting rates more aggressively.

The "Sell America" trade is a hot topic after Federal Reserve Chair Jerome Powell's bombshell announcement that he's under criminal investigation

Powell publicly denounced the inquiry as punishment for not bowing to the president’s wishes on interest rates

Federal Reserve Chair Jerome Powell said he was under investigation on Sunday night, the latest episode in President Donald Trump's feud with him.

The Justice Department's criminal investigation of Federal Reserve chair Jerome Powell could have far reaching impacts on consumer wallets, economists say.