"needs to be resolved quickly, because the Fed's independence in shaping monetary policy in the country is something that we need to ensure proceeds without political interference,"
"I've always supported an independent Fed. We'll see what they have and what they present,"
"Whether Chairman Powell was unprepared for his testimony or intentionally misled Congress about the Fed's extravagant spending, the American people deserve answers,"
"I will wait for the DOJ to release its findings before commenting further."
A Department of Justice investigation is examining whether Fed Chair Jerome Powell misled Congress about renovation cost overruns. Senate Republican leaders emphasized the need to resolve the matter quickly to protect the Federal Reserve's independence from political interference. Several members of the Senate banking committee expressed skepticism that Powell committed criminal activity and said they would be surprised if he had acted improperly. Senators Susan Collins and Lisa Murkowski said they spoke with Powell and vouched for his integrity. Other senators demanded answers and said they will await the DOJ's findings before commenting further.
Read at Axios
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