Fed chair Jerome Powell calls federal investigation "unprecedented action"

2 months ago 5
Fed chair Jerome Powell calls federal investigation "unprecedented action" - CBS News

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Federal Reserve Chair Jerome Powell said in a video Sunday that the Justice Department is investigating whether he lied to Congress about the Central Bank's renovation project. He compared the threat of criminal indictment to intimidation and said, "This unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure." Scott MacFarlane reports.

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