DOJ served Fed with grand jury subpoenas threatening criminal indictment related to Senate testimony about building renovations.

Respects rule of law but believes this unprecedented action is part of administration's threats and pressure campaign.

The real issue is not testimony or renovations - those are pretexts. The threat is consequence of Fed setting rates based on public service assessment rather than presidential preferences.

Core conflict: whether Fed can continue setting rates based on evidence and economic conditions, or whether monetary policy will be directed by political pressure/intimidation.

Has served under four administrations (both parties) without political fear or favor, focused solely on price stability and maximum employment mandate.

Will continue to do job with integrity despite threats, standing firm to serve American people.