Team Trump has embraced the idea that the levers of prosecutorial power are just another tool to be used against those who get in the president's way.

The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.

In what looked like a hostage video, Federal Reserve Board Chairman Jerome Powell announced Sunday evening that he is the target of a retaliatory criminal investigation by the Trump administration that resulted in subpoenas Friday to the Federal Reserve itself.

Federal Reserve Chair Jerome H. Powell issued a public statement Sunday evening after the Department of Justice (DOJ) served the Federal Reserve with grand jury subpoenas that could lead to criminal charges tied to his June testimony before the Senate Banking Committee.