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While the US Department of Justice has launched a criminal investigation into Federal Reserve Chair Jerome Powell, White House Press Secretary Karoline Leavitt affirms that President Trump's criticisms of the central bank leadership are unrelated.
Yahoo Finance Senior Fed Reporter Jennifer Schonberger highlights the timeline of President Trump and Chair Powell's rocky relationship.
Princeton University professor of economics and public affairs and former Fed vice chair Alan Blinder tells Yahoo Finance the investigation could ironically mean Powell stays in his position for longer as legal matters are sorted.
Also, Harvard University professor Jason Furman, who also led the Council of Economic Advisors under President Obama, thinks that, ultimately, Powell will be the one who comes out on top.
#youtube #FederalReserve #Trump #DOJ #powell
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