WASHINGTON, Jan 11 (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Sunday the Trump administration has threatened him with a criminal indictment over Congressional testimony he gave last summer, sending subpoenas to the Fed on Friday in what he called a “pretext” aimed at furthering pressure on him in a dispute with President Donald Trump over interest rates.
“On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June,” Powell said in a statement on Sunday night.
(Reporting by Howard Schneider; Editing by Tom Hogue)
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