Rolling coverage of the latest economic and financial news Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve The inquiry into Powell “is a low point in Trump’s presidency and a low point in the history of central banking in America,” said Peter Conti-Brown, a Fed historian at the University of Pennsylvania. Conti-Brown added (via Reuters) “Congress did not design the Fed to reflect the president’s daily fluctuations, and because the Fed has rebuffed President Trump’s efforts to take the Fed down he is launching the full weight of American criminal law against its Chair.” “I don’t know anything about it, but he’s certainly not very good at the Fed, and he’s not very good at building buildings.” Continue reading...