Dollar Drops Most in Three Weeks as Fed Gets Subpoenas [Yahoo! Finance]
MALAYAN BKNG BERHAD S/ADR (MLYBY)
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Source: Yahoo! Finance
The Bloomberg Dollar Spot Index fell 0.3% on Monday, set for its biggest drop since Dec. 23. That's after Fed Chair Jerome Powell revealed the central bank had been served grand jury subpoenas, threatening a criminal indictment tied to his June testimony on headquarter renovations. Most Read from Bloomberg New Design Plans Revealed for White House Ballroom In Birmingham, a Stadium Plan Shows UK Football's Flashy Side Summit Properties Wins Auction for Bankrupt NYC Apartments New LA Home Designs, Reimagined By Fire Crypto Adherents Advance Their Vision for City-Building Powell said the threat of criminal charges stemmed from the central bank setting interest rates based on its own assessment rather than following preferences of President Donald Trump. Trump has repeatedly slammed Powell on social media, urging rate cuts and at one point threatening to fire him — before later backing off and denying he ever considered it. “Trump seems adamant to exert control over the F
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