US Fed Chief Warns of 'Intimidation' After Criminal Subpoenas
US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.
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Oil Traders Beat Majors on First Venezuelan Deals
Global oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, getting ahead of U.S. energy majors wary of credit and legal risks and securing a potentially lucrative business opportunity in the country with the world's largest crude...
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Pulte Emerges as Force Behind Powell Subpoena
Federal Housing Finance Agency Director Bill Pulte has played a central role in the Trump administration's move to subpoena the Federal Reserve, Bloomberg reports, citing people familiar with internal deliberations.
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Canada PM Carney Visits China to Rebuild Trade Ties
A leader of the Canadian government is visiting China this week for the first time in nearly a decade, a bid to rebuild his country's fractured relations with the world's second-largest economy - and reduce Canada's dependence on the United States, its neighbor and until...
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Trump Warns Credit Card Firms Over Jan. 20 Rate Cap
President Donald Trump on Sunday said credit card companies would be in violation of the law if they failed to comply with his demand by Jan. 20 for a 10% cap on interest rates, even as legal and financial observers said...
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Fed Chair Jerome Powell Under Criminal Investigation
Federal Reserve Chair Jerome Powell said Sunday 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 renovations.
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