US Senate Majority Leader Chuck Schumer warned that any criminal investigations targeting members of the Federal Reserve Board would undermine efforts to combat inflation and restore public confidence in the economy. His comments followed reports suggesting President Donald Trump could pursue probes into Federal Reserve officials.
Speaking publicly, Schumer said that if Trump is serious about lowering costs and addressing inflation, targeting the central bank would be counterproductive. He described such actions as “naked, political attacks” and urged Congress not to remain silent.
The Federal Reserve operates independently of the White House and plays a central role in setting monetary policy, including interest rates aimed at controlling inflation. Any perceived political interference could raise concerns among investors and international markets.
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