politics
January 12, 2026
US Fed chief accuses Trump of ‘intimidation’
US Federal Reserve chief Jerome Powell has claimed the government probe against him is meant to pressure him over interest rate policy
TL;DR
- Fed Chair Jerome Powell believes a criminal investigation into his testimony is political intimidation.
- The investigation concerns Powell's testimony about the Federal Reserve's building renovations and their costs.
- Powell argues the probe's stated reasons are pretexts for political pressure on monetary policy.
- President Trump has previously criticized Powell for interest rate policies and renovation costs.
- Trump denied involvement in the investigation but criticized Powell's performance.
- Powell asserted his commitment to making decisions based on evidence, free from political influence.
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