Powell Says Justice Department Served Fed With Subpoenas
Affected assets and topics
Why it matters
Federal Reserve Chairman Jerome Powell rejected claims that recent actions by the Justice Department were driven by his testimony or the Fed's renovation, stating that the threat of criminal charges is a consequence of the Fed's independent interest rate decisions.
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Market impact analysis based on neutral sentiment with 80% confidence.
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- groq-llama-3.1-8b-instant
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- groq-llama-3.1-8b-instant
- Article id
- 31269
Original source
In a statement released Sunday evening, Powell rejected the notion that the action was driven by his testimony or the renovation. “Those are pretexts,” Powell said. “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.”
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Original article published by Yahoo Finance on January 12, 2026. Analysis and insights provided by AnalystMarkets AI.