Former Obama economic adviser calls DOJ probe into Powell "entirely a pretext" over interest rates
January 12, 2026
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6:02Now PlayingFormer Obama economic adviser calls DOJ probe into Powell "entirely a pretext" over interest rates
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as posted by the channelMultiple former Federal Reserve chairs and economic officials have signed a letter condemning the investigation into Jerome Powell, calling it an "unprecedented attempt" to undermine the central bank's independence. Jason Furman, former chair of the Council of Economic Advisers, and Jessica Levinson, CBS News legal contributor, join to discuss.
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