Everybody’s Business
Janet Yellen Says Trump’s Moves Against Powell Are Backfiring
In this episode of Everybody’s Business, the former Treasury secretary argues the criminal probe of the Fed Chair is “akin to shooting oneself in the foot.”
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It was the two-minute video watched ‘round the world. On Jan. 11, Federal Reserve Chair Jerome Powell posted a statement and short clip on the central bank’s website revealing that the Trump administration had placed him under criminal investigation. The allegations? The Justice Department contends the Fed chair may have lied to Congress about the scope of the $2.5 billion renovation of the Fed’s headquarters.