Why is Trump’s justice department investigating Fed chair Jerome Powell? - short news
Powell publicly denounced the inquiry as punishment for not bowing to the president’s wishes on interest rates
The US Department of Justice has opened a criminal investigation into Federal Reserve chair Jerome Powell, as Donald Trump’s White House escalates its campaign against the central bank’s independence.
In a video posted on Sunday, a typically reticent Powell took the extraordinary step of denouncing the investigation as punishment for not setting interest rates in..
source: The Guardian - 12.01.2026