TechFlow news, January 12 — Federal Reserve Chair Powell issued a strong statement regarding the Department of Justice grand jury subpoena, calling the criminal investigation threat a "political pretext." He stated that the real reason for the investigation is the Fed's refusal to cut interest rates according to the president's wishes, not his congressional testimony about the renovation of the Fed building. Powell pledged to continue making independent, data-driven decisions, resist political pressure, and remain committed to the Fed's dual mandate of price stability and maximum employment.
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