WASHINGTON, Jan. 12 -- Sen. Tim Kaine issued the following press release:
Today, U.S. Senator Tim Kaine (D-VA) released the following statement regarding the Department of Justice's (DOJ) criminal investigation (https://www.nytimes.com/2026/01/11/us/politics/jerome-powell-fed-inquiry-trump.html) into the Federal Reserve and subpoena of Chair Jerome Powell following an unprecedented year-long (https://www.nbcnews.com/business/economy/trump-admin-attacks-federal-reserve-chair-jerome-powell-what-to-know-rcna218343) pressure campaign from the Trump Administration:
"The Federal Reserve was designed to be independent from the executive branch so it could make decisions based on data and current economic conditions-not the whims of any President...