Jan 13 () - Global central bank officials are working on a statement to express support ​for Federal Reserve Chair Jerome Powell after ‌the Trump administration opened a criminal investigation into him,

The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.

Bank of America's top executive is stepping into one of the most sensitive debates in Washington, warning that political pressure on the Federal Reserve could backfire on markets and the broader economy.

Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday in a radio interview inflation issues are still at the forefront of his economic concerns, in comments that added the job market continues to be in a low-hire,

The central bank faces two major hurdles early on in 2026 that will determine the extent to which it operates free of political meddling.