What happened: The US Justice Department has opened a criminal investigation into Federal Reserve Chair Jerome Powell. This follows Powell's refusal to reduce interest rates despite pressure from former President Donald Trump.
Why it matters:
- The probe could affect the independence of the Federal Reserve and its monetary policy decisions.
- It raises concerns about political interference in economic governance and impacts financial markets.
MNN Take: The investigation is notable as it targets a key economic official, highlighting tensions between political leadership and central bank autonomy.
Sources: BBC News (Breaking)