US Justice Department serves Federal Reserve with grand jury subpoenas

The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President. — Jerome H. Powell

www.federalreserve.gov

Statement from Federal Reserve Chair Jerome H. Powell

Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testi