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    US Federal Reserve chair says DOJ has threatened criminal indictment – video

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    Jerome Powell said on Sunday that the Department of Justice had threatened him with a criminal indictment and served grand jury subpoenas over Congressional testimony he gave last summer regarding a Federal Reserve building renovation project. Powell says this action is a pretext aimed at putting further pressure on the central bank to lower interest ratesJustice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve Continue reading… More

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      Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

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      Fed chair accuses DoJ of threatening criminal charges over building renovation projects because central bank defied Trump’s interest rate demandsThe Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump’s extraordinary attack on the US central bank.Powell said the Department of Justice had served the Fed with grand jury subpoenas on Friday, threatening a criminal indictment related to his testimony before the Senate banking committee in June last year, regarding renovations to the Fed’s historic office buildings in Washington DC. Continue reading… More

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      From rent to utility bills: the politicians and advocates making climate policy part of the affordability agenda

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      As the Trump administration derides climate policy as a ‘scam’, emissions-cutting measures are gaining popularityA group of progressive politicians and advocates are reframing emissions-cutting measures as a form of economic populism as the Trump administration derides climate policy as a “scam” and fails to deliver on promises to tame energy costs and inflation.Climate politics were once cast as a test of moral resolve, calling on Americans to accept higher costs to avert environmental catastrophe, but that ignores how rising temperatures themselves drive up costs for working people, said Stevie O’Hanlon, co-founder of the youth-led Sunrise Movement. Continue reading… More