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DOJ criminal probe highlights risk of Fed losing independence – a central bank scholar explains what’s at stake

By Cristina Bodea, Professor of Political Science, Michigan State University
The Department of Justice’s decision to open a criminal investigation into Federal Reserve chair Jerome Powell has reignited concern over the independence of the central bank.

In unusually blunt remarks, Powell described the unprecedented probe as part of a political attack by the White House over the Fed’s refusal…The Conversation


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