India, Jan. 13 -- Even as his term nears an end, with a new appointment scheduled later this month, Jerome Powell, chairman, Federal Reserve, finds himself in trouble for the nth time. However, this time, the problem seems stickier, and criminal in nature. Powell revealed that the US Department of Justice (DOJ) had opened a criminal investigation against him, and the Fed, over an official testimony he gave regarding the renovation works at the Federal Reserve's buildings. While President Donald Trump denied any knowledge about DOJ's action, Powell claimed that the probe was "unprecedented." The two protagonists have been at loggerheads for months and, according to a media report, "Trump has repeatedly threatened to remove Powell." The Fed...
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