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The Justice Department's probe into whether Jerome H. Powell, the chair of the Federal Reserve, lied about renovations to the central bank's headquarters has raised alarms.
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Some lawmakers claim the U.S. could become "uninvestable" if the Federal Reserve loses its independence.
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Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.
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Dow falls more than 100 points as DOJ Powell probe raises fear Trump trying to take control of the Fed: Live updates CNBCStatement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)Fed Changes Tack as Trump Administration Invokes ‘Nuclear Option' The New York TimesRepublican Sen. Thom Tillis vows to block Trump's Fed nom
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A broader shift out of U.S. financial assets would revive last year's trend called the "sell America" trade.
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A Republican senator with leverage says he won't support a nominee for Fed chair until the Justice Department's probe of Jerome Powell is resolved.
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Federal Reserve Board Chair Jerome H. Powell accused the Justice Department of using the investigation to pressure the central bank to lower interest rates.
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Wall Street futures also fall after US prosecutors launch criminal investigation into chair Jay Powell
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Powell adds that it's the result of a power struggle between the Fed and President.
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The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an "unprecedented" criminal indictment against him over cost overruns for the renovation of the Fed's headquarters building.
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