Fed yet to turn over documents in Powell investigation as rate decision looms: Report

A criminal investigation into Federal Reserve Chair Jerome Powell is ongoing, and the central bank has yet to turn over documents demanded by grand jury subpoenas, according to a recent report. Powell previously disclosed receiving these subpoenas, which relate to his congressional testimony about the Fed's headquarters renovation. Powell has accused the Department of Justice of improperly using criminal charges to pressure the Fed regarding its independence on interest rate policy, linking the probe to past tensions with President Donald Trump. As Powell is expected to step down as chair in mid-May, he emphasized that the core issue is maintaining the Fed's ability to set policy based on evidence rather than political intimidation. This development occurs just before the Fed is scheduled to announce its latest interest rate decision.

(Source：Crypto Briefing)