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Economy

‘We are Jerome Powell’: In rare show of unity, Republicans, Democrats, Wall Streeters and TikTok-ers are backing the Fed chair

Federal Reserve Chair Jerome Powell is receiving widespread support from various political and economic sectors following threats of a criminal indictment from the Trump administration's Department of Justice regarding his testimony. This unprecedented unity includes backing from both Republicans and Democrats, as well as former Federal Reserve leaders and economists.

‘We are Jerome Powell’: In rare show of unity, Republicans, Democrats, Wall Streeters and TikTok-ers are backing the Fed chair

Key Highlights

  • Jerome Powell faces potential criminal indictment from the DOJ over testimony.
  • Support for Powell comes from both Republicans and Democrats.
  • Former Federal Reserve leaders and top economists have publicly defended Powell.
  • The situation highlights an unusual collaboration among diverse groups.
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Sources

  1. Central bankers are rallying around Fed Chair Jerome Powell as he faces a DOJ probe
  2. ‘We are Jerome Powell’: In rare show of unity, Republicans, Democrats, Wall Streeters and TikTok-ers are backing the Fed chair

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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