Fed, Powell
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Gold, Federal Reserve System
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Stocks barely moved after news of a Justice Department investigation tied to Fed Chair Powell. History and data suggest why pressure on the Fed doesn't spook stocks.
The South Carolina Republican has not weighed in on the central bank’s independence after a hearing he led comes under DOJ scrutiny.
President Donald Trump called Federal Reserve Chair Jerome Powell either "incompetent" or "crooked." The latest attack came as Trump's Department of Justice faces growing Republican opposition over its criminal investigation of the central bank leader.
President Trump’s campaign to exert more control over the Federal Reserve ramped up over the weekend. Here are the basics on the situation.
The increase in consumer prices in December was not as bad as many economists had expected, but the report doesn't really give the Fed a green light to cut interest rates in January for the fourth meeting in a row.
Even as President Donald Trump has laid out clear markers as to what he expects for his upcoming selection as Federal Reserve chair, some current central bankers remain confident that whoever gets the job will stick to the Fed’s mission in part as the weight of responsibility becomes clear to the new leader.
He also repeated that Powell "will be gone soon," which is true no matter what happens in the criminal probe: Powell’s second four-year term as Fed chair is up in May, although his seat on the Board of Governors runs through 2028.
Interest rates are likely to edge lower in 2026 as the Fed weighs inflation, jobs and political pressure. See what forecasts suggest for the year ahead.