US futures slip while Asian shares gain as Fed chair Powell faces legal threat

BANGKOK (AP) — U.S. futures slipped but markets in Asia advanced Monday after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas.

The threat of a criminal indictment over Powell’s testimony about the Fed’s building renovations is the latest escalation in President Donald Trump’s feud with the Fed. Trump has criticized the Fed’s $2.5 billion renovation of two office buildings as excessive.

Markets appeared to take the news in stride...