""The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,""
""Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people,""
"Video message from Federal Reserve Chair Jerome H. Powell: https://t.co/5dfrkByGyX pic.twitter.com/O4ecNaYaGH- Federal Reserve (@federalreserve) January 12, 2026"
Federal prosecutors opened an investigation into Federal Reserve Chair Jerome Powell centered on his congressional testimony about the bank's Washington headquarters renovation. The inquiry follows a pattern of scrutiny by the Trump administration toward political opponents. Powell publicly denied that the probe concerned the renovation and said the threat of criminal charges resulted from the Fed setting interest rates independently rather than following the President's preferences. Powell said he will remain in his role and pledged to continue serving with integrity. The inquiry drew criticism from many Democrats and some Republicans, and Trump said he was unaware of the inquiry.
#federal-reserve #jerome-powell #justice-department-investigation #trump-administration #interest-rates
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