Powell pushes back on Fed probe
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A Look At DOJ Investigation Of Fed’s Jerome Powell
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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.
Inflation held steady in December, continuing to prove stubborn just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell.
The South Carolina Republican has not weighed in on the central bank’s independence after a hearing he led comes under DOJ scrutiny.
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.
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.
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.
Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.
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