BlockBeats News, January 12 — Federal Reserve Chairman Jerome Powell responds to criminal investigation. Powell stated that the reason he might face criminal charges is because the Federal Reserve’s interest rate decisions are based on economic assessments rather than political will. The key issue moving forward is whether the Federal Reserve’s interest rate decisions will continue to be evidence-based or succumb to political influence and coercion.
Powell said he has always performed his duties impartially and will continue to do so. Respect for the rule of law is important, but being criminally charged is unprecedented, and this is a sign of broader threats from the current US government against the Federal Reserve.
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