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FRANCE PERSPECTIVE
TRUMP DROPS THE POWELL PROBE AND PAVES THE WAY FOR A LOYALIST FED CHAIR
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DOMINANT ANGLE
Paris sounds the alarm: Trump weaponizes justice to strong-arm the Fed
Dominant angle identified — does not reflect unanimity of this country’s media
ANALYSIS
Le Monde headlined the dropped probe as 'Trump backs down, charges against Fed President Powell dropped,' noting the Washington prosecutor closed the case in what was widely seen as politically timed. RFI observed the decision 'clears the way for Powell's successor.' Commentators asked a broader question: if a US president can open a criminal probe against a central bank head to pressure his rate policy, then close it once the message is received, the entire model of central bank independence is weakened — not just in America, but in every country that models its institutions on it.
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