Republican Congresswoman Challenges Jerome Powell with Perjury Accusation

Tensions are escalating between the federal government and the central bank. A Republican member of Congress has taken action by referring Jerome Powell, who chairs the Federal Reserve, to the Justice Department, accusing him of criminal perjury.

A Rift Between the White House and the Federal Reserve

The move highlights ongoing friction between the Trump administration and the Federal Reserve, as the congressional representative questions Powell's truthfulness during official proceedings.

Investigation to Understand Potential Misconduct

Kelly O'Grady from CBS News MoneyWatch delves into this complex situation to explore the apparent divergence in viewpoints and operational strategies between the administration and the central bank.