Treasury Secretary Scott Bessent and Senate Republicans Thom Tillis and John Thune.

Panelists Byron York and David Schoen discuss the investigation into Federal Reserve chairman Jerome Powell on ‘The Ingraham Angle.’

The Justice Department is investigating Federal Reserve Chair Jerome Powell, sparking outcry from lawmakers across both sides of the aisle. CBS News chief legal correspondent Jan Crawford has more.

President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.

Powell has said the investigation is motivated by disagreements between him and President Trump on interest rates.

Lawmakers and former Federal Reserve officials are standing up to the Department of Justice’s recent probe into the Federal Reserve as concerns over the Fed’s independence magnify. A trio of former Fed Chairs including Ben Bernanke,

Federal Reserve Chair Jerome Powell says the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed’s building r

WASHINGTON—Senate Republicans criticized the Justice Department’s investigation of Federal Reserve Chair Jerome Powell, with some calling the probe overtly political and warning it could backfire by rattling markets and potentially holding up the confirmation of his successor.