Why is the US Fed chair criminal probe causing global alarm?
NegativeWorld Affairs
- The criminal probe into Jerome Powell, the Chairman of the US Federal Reserve, initiated by the Trump administration, has raised significant concerns regarding the independence of the Fed. This investigation has led to fears that political pressures may compromise the institution's ability to operate without external influence.
- The implications of this probe are profound, as it not only threatens Powell's position but also casts doubt on the credibility of the Federal Reserve, which plays a crucial role in managing the US economy and maintaining financial stability.
- This situation reflects broader tensions between political leadership and independent financial institutions, with Republican senators opposing new Fed nominees amid the investigation, highlighting a potential shift in the balance of power and governance within the Federal Reserve system.
— via World Pulse Now AI Editorial System






