A Trump-appointed federal prosecutor’s effort to investigate and bring criminal charges against Federal Reserve Board of Governors Chair Jerome Powell is drawing heated pushback from Republicans who could stand in President Donald Trump’s way as he seeks to bully Powell and the central bank into setting artificially lower interest rates ahead of this year’s midterm elections.
The Senate’s top Republican, Majority Leader John Thune, reacted to news of the probe with a tacit warning to the White House after he was asked about the matter.
