|
Wall Street futures also fall after US prosecutors launch criminal investigation into chair Jay Powell
|
|
A criminal investigation into Jay Powell, the Federal Reserve chair, may be the most consequential attack yet on the central bank's political independence.
|
|
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.
|
|
