Some Republican lawmakers on Monday criticized the Justice Department’s investigation of Federal Reserve Chairman Jerome Powell, as a group of former Fed leaders called it an unprecedented assault against the independence of the central bank.
Rep. French Hill, the chairman of the House Financial Services Committee, issued a statement Monday attesting to Powell’s character, calling him “a man of integrity with a strong commitment to public service.”
“While over the years we have had our policy disagreements, I found him to be forthright, candid, and a person of the highest integrity,” the Arkansas Republican said. “Pursuing criminal charges relating to his testimony on building renovations at a time when the nation’s economy requires focus creates an unnecessary distraction.”
