Jerome Powell

Maar deze onvoorstelbare actie moet gezien worden in het bredere context van de administratie's vreugde en opwekkende druk. Deze nieuwe vreugde is niet over mijn testimonie van vorig juni of over de renovatie van de Verenigde Reservaties. Het is niet over de overzichtsregel van de Verenigde Reservaties. De FED heeft door testimonie en andere publieke opschrijvingen elke moeite gedaan om de Verenigde Reservaties te informeren over het renovatieproject. Dat zijn pretexten.

De vreemdheid van kriminele oplossingen is een gevolg van de Verenigde Reservaties... ...die betreft de betrekkingen van de betrekkingen van de betrekkingen... ...op basis van onze beste beoordeling van wat de publiek zorgt... ...in plaats van volgens de preferenties van de president. Het gaat erom of de FED nog steeds betrekkingen kan zetten... ...op basis van gegevens en economische condities... ...of of in plaats van dat monetaire politiek... ...bij politieke druk of vermoedelijkheid wordt geïnteresseerd.

The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public rather than following the preferences of the president.

Good evening.

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.

Very low volume.

The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president.

Good evening.

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.