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Global central bank leaders back Fed Chair Powell amid federal investigation

On HALO

3 weeks ago

A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he faces a criminal investigation from the Trump administration's Department of Justice.Powell announced on Sunday that the DOJ served grand jury subpoenas to the Federal Reserve on Friday related to an investigation into perjury allegations stemming from his testimony before the Senate Banking Committee last summer on the Fed's renovation project. He released a rare video statement in which he said the probe is a pretext for applying political pressure...