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Beneath the Gavel: Trump’s Unprecedented Legal War on the Federal Reserve Threatens Global Financial Order
Donald Trump's administration has launched an unprecedented legal assault on Federal Reserve Chair Jerome Powell, serving grand jury subpoenas over alleged renovation cost overruns—a move Powell explicitly called retaliation for the Fed's refusal to set interest rates based on presidential preferences. This marks a radical departure from historical presidential pressures, weaponizing the Department of Justice against the central bank's independence and sending a chilling message about the rule of law and financial stability, both domestically and globally.