Trump-Powell conflict over US Fed escalates with threat of criminal indictment

The Trump administration has threatened to indict Federal Reserve Chair Jerome Powell over Congressional testimony he gave last summer about a Fed building project, ‌an action Powell called a “pretext” to gain more influence over the central bank and monetary policy.
The development in the long-simmering effort by President Donald Trump for greater control over the Fed had immediate fallout, ‍with Republican Senator Thom Tillis, a member of the Senate Banking Committee that vets Presidential…