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U.S. Department of Justice Makes Move Against Federal Reserve
The Department of Justice has issued a subpoena to the Federal Reserve, according to statements from Chair Jerome Powell. This legal action marks a significant development in U.S. financial oversight. The move comes amid ongoing tensions between different branches of government regarding monetary policy and financial system operations.
Market participants are closely monitoring the situation, as developments involving the Fed and DOJ can have downstream effects on financial markets and policy directions. The specifics of the subpoena and its underlying investigation remain under scrutiny. Powell's acknowledgment of the action signals potential shifts in how U.S. financial institutions operate under government scrutiny.