Federal Reserve Chairman Jerome Powell has issued a striking warning that the Trump administration is using the Department of Justice to pressure the central bank, accusing the president of weaponising the legal system to influence monetary policy.
Powell's intervention marks an extraordinary escalation in tensions between the White House and the Fed. His remarks, delivered in a video message on Sunday, cast the criminal investigation into his testimony and the renovation of Fed buildings as a pretext for undermining monetary policy. The confrontation has sparked alarm among lawmakers and economists, who fear lasting damage to the institution's credibility.
