GOP senator suggests Fed chair Powell resign now to dodge potential criminal indictment

Sen. Kevin Cramer, R-N.D., suggested Tuesday that Federal Reserve Chair Jerome Powell should resign to avoid a potential indictment, arguing the move could prompt the Department of Justice (DOJ) to drop its investigation.

The suggestion comes after the DOJ announced Sunday it has opened a criminal probe into Powell focused on the renovation of the central bank’s Washington headquarters and whether he was truthful in his congressional testimony regarding the project.

"If you're the...