CEOs of Wall Street’s top banks, JPMorgan Chase and BNY, expressed support for the independence of the US Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chairman Jerome Powell.The administration’s investigation into Powell this week drew condemnation from former Fed chiefs and criticism from key members of the […]
The dollar held on to losses on Tuesday after the Trump administration opened a criminal investigation into Federal Reserve Chairman Jerome Powell, a move that threatens the central bank’s independence and confidence in US assets. Investors were still trying to come to grips with news of the investigation unveiled late Sunday, a move that drew […]