Jerome Powell

“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,”

“This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress's oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project.”

“retaliation for not cutting rates quickly enough.”

“Powell dismissed the probe as an attempt to punish him for not lowering rates faster.”

“This month, Powell revealed that US prosecutors had opened an inquiry into him over an ongoing renovation of the Fed's headquarters.”

“Powell revealed this month that the Justice Department has launched an investigation into him.”