Senate Majority Leader Chuck Schumer (D-NY) on Monday criticized the Justice Department’s investigation into Federal Reserve Chair Jerome Powell, portraying it as an effort by the White House to strongarm the central bank. “Anyone with two eyes and half a brain knows exactly what this criminal probe represents: a brazen attempt by Donald Trump to cannibalize the Fed’s independence. The allegations behind this probe are clearly bogus,” he said on the Senate floor. Mr. Powell released a rare video

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