Powell: Investigation due to Fed's interest rates being based on economic assessment, not political will

BlockBeats News, January 12, Federal Reserve Chairman Jerome Powell responded to facing a criminal investigation. Powell stated that the reason he might face criminal charges is because the Federal Reserve's interest rates are based on economic assessments rather than political will. The key issue going forward is whether the Fed's interest rate decisions will continue to be evidence-based or succumb to political influence and coercion.

Powell said that he has always performed his duties impartially and will continue to do so. He respects the authority of the law, but facing criminal charges is unprecedented and signals a broader threat from the current U.S. administration toward the Federal Reserve.