Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank’s headquarters.

Forgotten by PhD types eager to elevate their economic intelligence by denigrating Trump’s is that frequently they reveal their own limitations while explaining Trump’s.

Both President Donald Trump and Federal Reserve Chair Jerome Powell are involved in controversial — and costly — rehabs of government buildings.

Republicans in Congress are supporting Federal Reserve Chair Jerome Powell as the Trump administration ramps up its pressure campaign against the central bank.

Famously, Paul Volcker, who as Fed chair dramatically raised interest rates in the early 1980s to combat inflation rates considerably higher than those that helped doom President Joe Biden’s hopes for reelection, ruined many a day for President Ronald Reagan, particularly early in his first term.