Well, howdy there, internet people it spell again.

So today, we're going to talk about Trump going after Fed Chair Jerome Powell.

The reporting has come out that the DOJ has opened a criminal investigation of Federal Reserve Chairman Jerome Powell, which is said to be

related to the project to renovate historic Federal Reserve office buildings.

A DOJ spokesperson spoke without mentioning Powell directly and said, quote, the Attorney General

has instructed her U.S. attorneys

to prioritize investigating any abuse of taxpayer dollars.

The news is likely to send shockwaves through economic circles.

The notoriously nonpartisan Federal Reserve Chair put out a lengthy statement,

and I'm going to read a pretty big chunk of it.

It says, quote, on Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas,

threatening a criminal indictment related to my testimony before the Senate Banking Committee last June.

That testimony concerned in part, a multi-year project, to renovate historic Federal Reserve office buildings.

I have deep respect for the rule of law and for accountability in our democracy.

No one. Certainly not the chair of the Federal

Reserve, is above the law. But this unprecedented action should be seen in the broader context

of the administration's threats and ongoing pressure. This new threat is not about my testimony

last June, or about the renovation of the

Federal Reserve buildings. It is not about Congress's oversight role. The Fed, through testimony and

other public disclosures, made every effort to keep Congress informed about the renovation project.

Those are pretexts. The threat of criminal

charges is a consequence of the Federal Reserve setting interest rates based on our best assessment

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