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International Business Times
International Business Times
Politics
Matias Civita

Republican Senator Calls Out Trump For Attempted Coercion, Siding With Jerome Powell

Jerome Powell Donald Trump Jay Powell Lisa Murkowski Republican US Federal Reserve Department of Justice DOJ the Federal Reserve

After the Trump administration announced a federal investigation into Federal Reserve chair Jerome Powell, Republican Senator Lisa Murkowski of Alaska spoke out on social media to criticize their decision.

The Department of Justice subpoenaed the Federal Reserve on Friday in connection with a criminal inquiry into Powell's congressional testimony about cost overruns on a multibillion-dollar renovation of the Fed's headquarters. Powell described the investigation as a politically motivated effort to pressure him into cutting interest rates.

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