Trump administration probe of Fed chair Powell draws pushback

Republican lawmakers expressed concern after the Trump administration threatened to indict Federal Reserve Chair Jerome Powell; two senators said they would block the president's central bank nominees and a third called for the probe to end quickly.

Republican lawmakers in Congress raised concern about the Trump administration's threat to indict Federal Reserve Chair Jerome Powell. Two senators warned they would block President Trump's central bank nominees in response. A third senator called for the federal probe to end quickly. This report was produced by Jillian Kitchener. Key developments: - The Trump administration threatened to indict Federal Reserve Chair Jerome Powell, as reported. - Several Republican members of Congress expressed concern about that threat. - Two senators said they would block President Trump's central bank nominees and a third urged the probe to end quickly. Summary: Republican lawmakers have signaled potential obstruction of central bank confirmations in response to the administration's threat, and at least one lawmaker has called for the federal probe to be wound down quickly. Undetermined at this time.