Powell pulls no punches

What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Chief, Reuters Open Interest Markets got yet another weekend surprise from the Trump administration on Sunday, with news that the Justice Department is threatening to indict Federal Reserve Chair Jerome Powell over comments made about a building renovation project – something the Fed Chair called a “pretext” for the White House’s aim of gaining more influence over interest rate policy. The initial market reaction has been muted – and President Donald Trump denied any knowledge of the actions – but Powell’s pointed response signals that in the escalating battle…