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Trump criminal probe of Fed Chair Powell marks unprecedented escalation — and a warning to his successor

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President Donald Trump's criminal probe targeting Federal Reserve Chair Jerome Powell marks an extraordinary escalation in his battle with the central bank, sending a clear warning to the next Fed chair about the risks of defying the White House.Powell confirmed the Department of Justice investigation on Sunday evening in a video statement, calling the move "unprecedented" and another example of what he described as the Trump administration's ongoing efforts to intimidate the central bank.Powell's decision to respond so publicly, after days of private consultation with advisers, marked a sharp...

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