Federal Reserve prepares for policy meeting amid historic legal and political challenges to independence
The Federal Reserve holds its scheduled policy meeting this week while facing a criminal probe of its chair and a Supreme Court hearing on governor removal.
Insights:
The Federal Reserve is set to conclude its scheduled two-day policy meeting this Wednesday, with the benchmark interest rate widely expected to remain within the 3.50% to 3.75% range. This routine decision on monetary policy arrives at a moment of unprecedented institutional stress for the US 
UScentral bank. Chair Jerome Powell jerome powellis currently facing a threatened criminal probe and has received a subpoena from the U.S. Department of Justice. In an extraordinary video statement, Jerome Powellcharacterized the investigation as part of a campaign by Donald Trump donald trumpto pressure the institution for interest rate cuts.
UScentral bank. Chair Jerome Powell jerome powellis currently facing a threatened criminal probe and has received a subpoena from the U.S. Department of Justice. In an extraordinary video statement, Jerome Powellcharacterized the investigation as part of a campaign by Donald Trump donald trumpto pressure the institution for interest rate cuts.
