Powell Says DOJ Probe Due To Defying Trump on Interest Rates

Jan 12, 2026 - 03:00
Powell Says DOJ Probe Due To Defying Trump on Interest Rates
Federal Reserve Chair Jerome Powell says his refusal to drop interest rates led to Donald Trump opening a criminal investigation over renovations to the central bank’s headquarters. Federal Reserve chair Jerome Powell has blasted the Trump administration over a new criminal probe, arguing it’s the latest attempt to destroy the central bank’s independence on interest...

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