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Probe Into Jerome Powell Backfires on Capitol Hill

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“The Trump administration’s decision to open a criminal investigation into Federal Reserve Chair Jay Powell is backfiring,” Punchbowl News reports.

“GOP lawmakers and former Federal Reserve officials are rallying to show support for Powell and the Fed’s role as an independent regulator of the U.S. economy. And it’s not just rank-and-file Republicans coming to Powell’s defense.”

“House Financial Services Committee Chair French Hill (R-AR), whose panel oversees the Federal Reserve and Wall Street, said he believes that the criminal charges are ‘an unnecessary distraction’ when policy makers should be focused on ‘the nation’s economy.'”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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