DOJ probe into Fed chair Powell is ‘Maduro’ warning from Trump, analyst says

DOJ probe into Fed chair Powell is ‘Maduro’ warning from Trump, analyst says


Key Points
  • U.S. stock futures fell on Monday after the Federal Reserve revealed the DoJ had opened an investigation into its chair, Jerome Powell.
  • The probe raises questions over the central bank’s independence from Donald Trump’s White House and concerns over the credibility of Powell’s successor.
  • One analyst told CNBC that the probe was Trump threatening Powell with “the Maduro option,” a reference to the Venezuelan president seized by the U.S. military last weekend.



Source

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