Trump's Justice Department Eyes Criminal Charges Against Fed, in Escalating Confrontation
President Donald Trump's Justice Department is investigating the Federal Reserve, potentially leading to a criminal indictment against the institution, in a dramatic escalation of his confrontation with the central bank. The nature and scope of the investigation are unclear at this point.
President Donald Trump has escalated his confrontation with the Federal Reserve, with his Justice Department investigating him for allegedly attempting to bring charges against the central bank's Chairman Jerome Powell and other officials. The investigation is reportedly examining whether Trump improperly used executive power to try to pressure Powell into lowering interest rates. Details of the alleged scheme are still scarce, but it has raised concerns about the unprecedented nature of such a move by a U.S. president. The Justice Department has been tight-lipped about the ongoing probe, fueling speculation and intrigue surrounding its scope and potential implications.
