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Fed Chair Jerome Powell Is Now Under Investigation, but Is It Because of His Politics?

The Department of Justice is investigating Jerome Powell over funds tied to a Federal Reserve renovation project, triggering market volatility.
Powell, a Republican appointee whose chair term runs through 2027, has faced questions about independence from political pressure.
Trump has publicly urged Powell to lower interest rates faster, intensifying tensions over monetary policy.
North Carolina Senator Thom Tillis argued the probe attacks the Fed's independence, signaling political ramifications.
The coverage frames the investigation as part of a broader debate about central bank independence amid political pressure.
Powell stated that no one, certainly not the Fed chair, is above the law, in the context of the ongoing investigation.
The piece notes Powell defended the Fed's transparency about the renovation project and congressional disclosures.
The article connects the investigation to broader political dynamics in the Trump administration and Capitol Hill.
The piece references other related articles exploring Powell’s fate and the administration's stance on rate policy.

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