Core Viewpoint - The investigation by the U.S. Department of Justice into Federal Reserve Chairman Jerome Powell and potential criminal charges signifies a new level of government coercion in monetary policy [1] Group 1 - Lucy Ellis, Chief Economist at Westpac, indicates that Powell's strong response to the investigation is both reasonable and expected [1] - Ellis notes that Powell's broad support demonstrates the limitations of President Trump's ability to coerce the central bank [1] - She adds that significant events in the central banking sector may occur in the coming weeks [1]