Douglas Holtz-Eakin served as economic advisor to President George W. Bush. He says the criminal investigation of Fed chair Jerome Powell undermines a "bedrock principle of US economic policy."
WASHINGTON — The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared Monday to embolden defenders of the U.S. central bank against the efforts of President Donald Trump to control the Fed.
From left, Federal Reserve Chairman Jerome Powell, President Donald Trump and Sen. Tim Scott, R-S.C., visit the Federal Reserve on July 24 in Washington.Â
Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a July 24Â visit to the Federal Reserve in Washington.
President Donald Trump announces Federal Reserve board member Jerome Powell as his nominee for the next chair of the Federal Reserve on Nov. 2, 2017, in the Rose Garden of the White House in Washington.Â
From left, Federal Reserve Chairman Jerome Powell, President Donald Trump and Sen. Tim Scott, R-S.C., visit the Federal Reserve on July 24 in Washington.Â
Federal Reserve Chairman Jerome Powell, right, and President Donald Trump look over a document of cost figures during a July 24Â visit to the Federal Reserve in Washington.
President Donald Trump announces Federal Reserve board member Jerome Powell as his nominee for the next chair of the Federal Reserve on Nov. 2, 2017, in the Rose Garden of the White House in Washington.Â