The Justice Department’s move to investigate Federal Reserve Chair Jerome Powell is shaping up to be one of the Trump administration’s most unpopular actions yet among Capitol Hill Republicans.
— Republicans recoil: The DOJ probe into Powell’s June hearing testimony is causing heartburn in the Senate, which controls the fate of his successor. After Sen. Thom Tillis (R-N.C.) threatened Sunday to vote against any nominee until the criminal investigation is resolved, other Senate Banking Republicans like Sens. Kevin Cramer (N.D.) and Dave McCormick (Pa.) joined in to signal their disapproval Monday.
Cramer is no fan of Powell and called him a…
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