"According to Powell, the DOJ served the Federal Reserve with grand jury subpoenas and threatened a criminal indictment tied to his June 2025 testimony about a $2.5 billion plus renovation of Fed office buildings. Powell characterized the move as politically motivated, claiming it reflected pressure from the Trump administration to cut interest rates more sharply than the Fed's data‑dependent stance. President Donald Trump has publicly criticized Powell's performance and denied direct involvement in the DOJ action, though he has reiterated his dissatisfaction with the Fed's monetary policy. The widening dispute has rattled traditional markets, with U.S. stock futures sliding and safe‑haven assets like gold and silver surging to record levels."
"Bitcoin's price showed notable movement over the past 48 hours following the news. Over the weekend and into Monday, the bitcoin price was fairly stale but jumped to the $91,000-$92,000 range, at the time of writing. Bitcoin Magazine Pro data indicates the Bitcoin price reached an intraday high of roughly $92,400 between Sunday and Monday. Across January 11-12, the Bitcoin price posted intraday gains of more than 0.5% on both days, signaling a gradual upward trend amid growing macroeconomic uncertainty."
Federal Reserve Chair Jerome Powell was served grand jury subpoenas and faces a threatened criminal indictment tied to his June 2025 testimony about a $2.5 billion-plus renovation of Fed office buildings. Powell described the action as politically motivated and linked it to White House pressure for deeper interest-rate cuts than the Fed's data-driven stance. President Trump criticized Powell while denying direct involvement, intensifying institutional tensions that unsettled markets. U.S. stock futures fell as safe-haven assets like gold and silver rose. Bitcoin rallied to roughly $91,000–$92,400, posting modest intraday gains and behaving more like a safe haven amid macroeconomic uncertainty.
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