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Wall Street futures also fall after US prosecutors launch criminal investigation into chair Jay Powell
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A criminal investigation into Jay Powell, the Federal Reserve chair, may be the most consequential attack yet on the central bank's political independence.
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Federal Reserve Board Chair Jerome H. Powell accused the Justice Department of using the investigation to pressure the central bank to lower interest rates.
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Federal Prosecutors Open Investigation Into Fed Chair Powell The New York TimesStatement from Federal Reserve Chair Jerome H. Powell Federal Reserve Board (.gov)Morning Bid: Powell's punch back jolts markets ReutersTrump denies involvement in DOJ's Fed subpoenas: 'I don't know anything about it' NBC NewsDOJ subpoenas Federal Reserve in escalating pressure campaign
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