Fed Served With DOJ Subpoenas, Powell Vows to Stand Firm

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The Federal Reserve has been served with grand jury subpoenas by the Justice Department, potentially leading to a criminal indictment, and Chair Jerome Powell vows to stand firm in the face of escalating attacks from the Trump administration.

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.

Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the Fed.

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Original article published by Bloomberg on January 12, 2026.
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