CNBC: Senators, analysts on Justice Dept's probe into Fed's Jerome Powell

“Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, cautioned that these aggressive tactics could backfire by driving up inflation expectations and weakening the dollar’s status as a safe-haven asset. Schamotta added that this pressure might trigger a surge in long-term bond yields, leading to higher borrowing costs throughout the US economy. "Tonight's revelations mark a dramatic escalation in the administration's effort to kick the legs out from under the Fed, and could unleash a series of unintended consequences that go directly against President Trump's stated aims," the strategist added.”

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