Why is the US Fed chair criminal probe causing global alarm?

AI Summary
In January 2026, the Trump administration initiated a criminal investigation into Jerome Powell, the head of the US Federal Reserve. This unprecedented action has sparked global alarm due to concerns that the Fed's independence is being undermined. Powell himself denounced the probe as politically motivated. The investigation's implications are causing widespread concern among economists, political analysts, and investment managers in locations such as Washington D.C., London, and Dublin. Experts fear the investigation could damage the credibility and autonomy of the central bank.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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