Fed Chair Powell says he's under criminal investigation, won't bow to Trump intimidation

[Coldwater]

Federal Reserve Chairman Jerome Powell is under federal criminal investigation related to the $2.5 billion renovation to the central bank's headquarters and his congressional testimony about that, Powell said.

Powell said the probe was the result of the Fed "setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of" President Donald Trump.

Sen. Thom Tillis, a North Carolina Republican, and Banking Committee member, said he would any oppose nominee by Trump to replace Powell, and any Fed board nominee, "until this legal matter is fully resolved.

Link

https://www.msn.com/en-us/money/markets/fed-chair-powell-says-he-s-under-criminal-investigation-won-t-bow-to-trump-intimidation/ar-AA1U0UX0?ocid=msedgntp&pc=HCTS&cvid=696477da97af445ca7a51ba8b5af655f&ei=23

[flamingdem]

1. Tell it JP!

Market will tank tomorrow. Glad he spoke out truthfully.