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A criminal investigation of a sitting Fed chairman, with the obvious intent of stripping him of his independence, has never happened before.
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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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The Justice Department opened an investigation into Federal Reserve chair Jerome H. Powell, who said the case is a way to pressure the Fed to lower interest rates.
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