Powell says criminal investigation by Trump’s Justice Department threatens Fed’s independence

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Why This Matters

Fed Chair Jerome Powell has stated that a potential criminal investigation by the Justice Department threatens the Federal Reserve's independence, citing grand jury subpoenas and a possible indictment over the renovation of the Fed's headquarters building.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an “unprecedented” criminal indictment against him over cost overruns for the renovation of the Fed’s headquarters building.

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Original article published by Unknown on January 12, 2026.
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