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Powell blasts DOJ criminal probe as attack on Fed independence. 'Public service sometimes requires standing firm in the face of threats' | Fortune
He said in a statement Sunday that the Justice Department served the Fed with grand jury subpoenas, threatening a criminal indictment.
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huffpost.com
Federal Reserve Chair Powell Says DOJ Has Subpoenaed Central Bank, Threatens Criminal Indictment
The move represents a major escalation in President Donald Trump's battle with the Fed.
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cnbc.com
Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation
President Donald Trump has criticized Federal Reserve chief Jerome Powell for not cutting interest rates as much and as quickly as the president wants.
