NPR.
As loyal indicator listeners almost certainly saw this weekend,
Federal Reserve Chair Jerome Powell posted arguably the most viral front-to-camera video ever in central bank history.
Palo revealed that the Fed had been threatened with criminal charges.
These charges are ostensibly about renovations to Fed buildings.
But Palo was crystal clear with what he believes this investigation is really about.
The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public rather than following the preferences of the President.
This is the strongest we've ever heard Jerome Powell speak about President Trump's patterns of attacks on the Fed.
He's paid to be boring and not spook the markets.
And so over the last year, Powell has been relatively restrained in public.
You know, maybe he's a little annoyed, but he sticks to the matters at hand.
I'd say, terse.
So to drop a weekend video calling out the administration's threats on Fed independence,
this is huge.
And we're going to get into it.
This is the indicator from Planet Money.
I'm Whelan Wong.
And I'm Darian Woods.
Today on the show,
what led to the administration's criminal investigation into Fed Chair Jerome Powell?