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Trump administration’s criminal probe of Fed Chair Powell sparks rare GOP revolt on Capitol Hill

On HALO

3 weeks ago

A simmering feud between the Trump administration and the Federal Reserve reached a boiling point this weekend as the administration opened a criminal investigation into Chair Jerome Powell.What began as a disagreement over interest rate policy has evolved into an unprecedented confrontation, posing the greatest challenge of Powell’s eight-year leadership of the Federal Reserve.The dispute has now reached Capitol Hill, where congressional Republicans — including some close allies of the Trump administration — are pushing back against the investigation and threatening to block future nominees t...