The Powell investigation is unprecedented according to whom?

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Powell himself described the DOJ probe as "unprecedented" in his January 11, 2026 statement. Additionally, a bipartisan group of economists and former Fed officials—including former Fed Chairs Alan Greenspan, Ben Bernanke and Janet Yellen—issued a joint statement condemning it as "an unprecedented attempt to use prosecutorial attacks to undermine that independence" of the Federal Reserve. The characterization as unprecedented is significant because in the Fed's 110-year history, no sitting chair has faced criminal investigation tied to monetary policy decisions. This broad consensus across political and professional lines reflects the gravity of the situation.

The Powell investigation is unprecedented according to whom?

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