‘This unprecedented action should be seen in the broader context of the administration’s threats’
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Federal Reserve Chairman Jerome Powell on Sunday accused President Donald Trump of trying to “manipulate” the Federal Reserve through a criminal perjury investigation.
RepublicanFloridaRep.AnnaPaulinaLunareferredPowelltotheJusticeDepartmentinJuly,allegingheliedtotheSenateBankingCommitteeaboutrenovationstotheFederalReserve’sWashingtonheadquartersinJune.PowellconfirmedtheprobeinablisteringvideostatementreleasedSundaynight.(RELATED:DOJOpensProbeIntoFedChair)
“Ihavedeeprespectfortheruleoflawandforaccountabilityinourdemocracy.Noone—certainlynotthechairoftheFederalReserve—isabovethelaw.Butthisunprecedentedactionshouldbeseeninthebroadercontextoftheadministration’sthreatsandongoingpressure,”Powellclaimed.“ThisnewthreatisnotaboutmytestimonylastJuneorabouttherenovationoftheFederalReservebuildings.ItisnotaboutCongress’soversightrole;theFed,throughtestimonyandotherpublicdisclosures,madeeveryef
