Washington Whiner — Jay Powell Says DOJ Oversight Threatens Fed Independence

Jay Powell says a DOJ investigation threatens Fed independence—but this isn’t about interest rates. It’s about whether Powell misled Congress under oath over the Fed’s lavish multibillion-dollar headquarters renovation. President Trump says Powell is either incompetent or crooked. Either way, this isn’t an independence crisis—it’s a credibility crisis. Independence doesn’t mean immunity. Accountability is the law.