#jerome-powell

#jerome-powell

In an extraordinary video Sunday night, Federal Reserve Chair Jerome Powell said he had been served with grand jury subpoenas as part of a criminal investigation into his testimony about the Fed's Washington, DC, headquarters. While much has been made over whether the probe is a pretext for President Donald Trump to remove Powell as Fed chairman, far less attention has been paid to what Powell actually said in the June Senate testimony that sparked the Justice Department investigation.

"He doesn't get ruffled easily," Alan Blinder, a professor of economics at Princeton who served as vice chairman of the Fed's Board of Governors in the mid-1990s, said of Powell.