Chicago Federal Reserve President Austan Goolsbee expressed caution Thursday about recent attacks on the central bank and Chair Jerome Powell, saying they could adversely affect inflation. “Anything that’s infringing or attacking the independence of the central bank is a mess,” Goolsbee said during a CNBC “Squawk Box” interview. “You’re going to get inflation come roaring … Read more
President Donald Trump speaks at the Detroit Economic Club in Detroit, Jan. 13, 2026. Evelyn Hockstein | Reuters As the Justice Department continues its investigation into the Federal Reserve, the next front in the central bank’s quest to maintain political independence shifts to the Supreme Court. On Jan. 21, the high court will hear arguments … Read more
President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation of the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the Fed, which has … Read more
President Donald Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell. Sen. Thom Tillis, R-N.C., said Sunday he will block any Trump appointees to the central bank, including for the new chair, in light of revelations over the weekend that the … Read more
Republican protests are growing louder on Capitol Hill as the Trump administration’s Department of Justice pursues a criminal investigation into Federal Reserve Chair Jerome Powell. Powell on Sunday night revealed that the Justice Department opened an investigation into his handling of renovations to the central bank’s headquarters and his testimony about the matter to Congress. … Read more
Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m surprised the market … Read more
Traders work on the floor at the New York Stock Exchange in New York City, U.S., Dec. 15, 2025. Brendan McDermid | Reuters Stocks fell Monday after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell, an apparent escalation by President Donald Trump in his attempt to pressure the central … Read more
US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025. Saul Loeb | AFP | Getty Images Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell related to the $2.5 billion renovation to the … Read more
National Economic Council Director Kevin Hassett said Friday that the White House could deploy alternative measures if the Supreme Court rules against President Donald Trump’s use of emergency powers to impose sweeping levies. “There was a big call last night with all the principals to talk about if the Supreme Court were to rule against … Read more
U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters Treasury Secretary Scott Bessent on Thursday pressed the administration’s desire for lower interest rates, saying they are the key to future economic growth. … Read more