Tim Scott keeps quiet as Fed independence comes under threat

As Washington erupted over the Justice Department’s subpoena of Federal Reserve Chair Jerome Powell, a Republican lawmaker at the center of the dispute is keeping silent.

That would be Sen. Tim Scott of South Carolina, who presided over a June hearing of the Senate Banking Committee where he and other Republicans quizzed Powell about the Fed’s pending renovation projects. Powell’s answers from the meeting are now the subject of a perjury investigation, the Fed chair revealed Sunday — the apparent culmination of months of attacks from the president.

Many lawmakers of both parties quickly spoke out in protest of the probe and in favor of Fed…

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