Powell: Under Investigation for Tying Fed's Rate to Economic Assessment, Not Political Will

BlockBeats News, January 12th, Federal Reserve Chairman Powell Responds to Criminal Investigation. Powell said that the possibility of facing criminal charges is because the Fed's interest rates are based on economic assessments rather than political will. The key question going forward is whether the Fed's rate decisions will continue to be evidence-based or succumb to political influence and coercion.

Powell stated that he has always carried out his duties impartially and will continue to do so. While respecting the rule of law, being criminally charged is unprecedented and is seen as a broader threat from the current U.S. government to the Fed.