Dollar Falls and Precious Metals Soar to Record Highs as Fed Independence Threatened

The dollar index (DXY00) today is down by -0.32%.  Threats to Fed independence are hammering the dollar today after Fed Chair Powell said the Justice Department's threat of criminal charges against the Federal Reserve over his June testimony on Fed headquarters renovations is the consequence of the Fed not going along with President Trump's calls for lower interest rates. On Sunday, Fed Chair Powell said the Fed had been served grand jury subpoenas from the Justice Department threatening a criminal indic ...