'Full-on assault': Professor lays bare stakes amid Trump's takeover bid of Federal Reserve

The Department of Justice’s decision to open a criminal investigation into Federal Reserve chair Jerome Powell has reignited concern over the independence of the central bank.

In unusually blunt remarks, Powell described the unprecedented probe as part of a political attack by the White House over the Fed’s refusal to drastically cut interest rates, as President Donald Trump has long advocated.

But how unique are such apparent attempts to undermine the central bank’s authority? And...