US SENATE REPUBLICANS CONCERNED OVER PROBE OF POWELL AND IMPACT ON FED

U.S. Senate Republicans expressed concern on Monday about the Trump administration's threat to indict Federal Reserve Chair Jerome Powell, as two lawmakers threatened to ​retaliate by blocking President Donald Trump's central bank nominees and a third called for the federal ‌probe to end quickly.

At issue, the senators said, was confidence in the Fed, the world's most important central bank, which sets interest rates in the U.S. and is seen by global investors as a critical independent force in helping manage the economy through political and other turbulence.

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