刑事调查 传票威胁 美政府与美联储矛盾再升级

Core Viewpoint - The investigation into Federal Reserve Chairman Jerome Powell by the U.S. Department of Justice marks a significant legal challenge, raising concerns about the independence of the Federal Reserve [1][9]. Group 1: Investigation and Legal Challenges - The U.S. Department of Justice has issued a subpoena to the Federal Reserve regarding Powell's testimony about the renovation of the Fed's headquarters, threatening criminal charges [1]. - The investigation focuses on whether Powell committed perjury regarding the renovation project and has been described as a new wave of legal pressure against him [1][3]. - Powell has characterized the DOJ's actions as a pretext to exert pressure on him regarding interest rate decisions, asserting his commitment to fulfill his duties with integrity [1][4]. Group 2: Renovation Project Details - The renovation project of the Federal Reserve building, which began during President Biden's administration, was initially budgeted at approximately $1.9 billion but has escalated to nearly $2.5 billion due to rising material costs, exceeding the budget by about 32% [2]. - The Trump administration had previously criticized Powell for the renovation project, alleging significant violations and labeling it as a "lavish renovation" [2][3]. Group 3: Political Pressure and Interest Rates - Since January 2025, tensions between the White House and Powell have increased, with President Trump repeatedly criticizing Powell for not lowering interest rates significantly [4][6]. - Trump has expressed dissatisfaction with the Fed's recent interest rate cuts, indicating that he desires a more substantial reduction in rates [6][9]. Group 4: Implications for Federal Reserve Independence - The ongoing criminal investigation poses a threat to the Federal Reserve's independence in setting interest rates, raising concerns about potential political interference in monetary policy [9]. - Analysts warn that any successful intervention in monetary policy could lead to a loss of confidence in U.S. dollar assets, increased long-term borrowing costs, and accelerated de-dollarization globally [9].