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Powell's behind-the-scenes move after Trump's DOJ opened its criminal probe

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10 hours ago

Federal Reserve Chair Jerome Powell moved quickly behind the scenes after the Justice Department opened a criminal probe into his statements to Congress, with his calendar showing a burst of outreach to U.S. lawmakers.The entries don’t reveal what was discussed, but they show Powell made 13 calls to senators and House members shortly after he accused the DOJ of using subpoenas as a "pretext" to ramp up pressure on the central bank to cut rates. The rapid-fire calls ranged from 10 to 15 minutes each. The Fed releases Powell’s monthly schedule with about a two-month lag, which is why the scope o...

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10 hours ago
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