Central bank maintains interest rates as DOJ investigates Powell amid Trump pressure
The Federal Reserve decided on Wednesday to keep interest rates steady, maintaining the range between 3.5% and 3.75%. This outcome, which some had anticipated, comes amid mounting pressure from President Trump and ongoing scrutiny over Fed Chairman Jerome Powell, who is facing a criminal investigation. At this first meeting of the year, the Fed made […]
Scott Bessent Criticizes Jerome Powell for Supporting Fed Official Accused of Mortgage Fraud
Criticism of Federal Reserve Chair Treasury Secretary Scott Bessent expressed concerns at the World Economic Forum (WEF) on Wednesday, suggesting that Federal Reserve Chairman Jerome Powell has recently infused politics into the central bank by backing troubled governors. Bessent’s criticism targeted Powell amid reports that President Donald Trump is set to attend a Supreme Court […]
Why Wall Street supporters of Trump are eager for the DOJ to conclude its Powell investigation
The Wall Street faction of MAGA is concerned about President Trump’s ongoing investigation into Federal Reserve Chairman Jerome Powell, and they’re reportedly urging the White House to reconsider, according to On the Money. The crux of the issue? The U.S. is still grappling with a significant volume of government debt. Trump supporters on Wall Street […]
Drake Powell joins the starting lineup as the Nets aim to end their five-game losing streak
Nets coach Jordi Fernandez suggested he might consider modifying the rotation after the team faced a five-game losing streak in New Orleans. A notable adjustment during this week’s Brooklyn trip was the inclusion of rookie Drake Powell in the starting lineup for two consecutive games. Powell, selected 22nd overall, is the third of the Nets’ […]
Jamie Raskin urges examination of the criminal investigation of Jerome Powell by the DOJ.
House Democrats Push for Investigation into DOJ Actions Against Fed Chairman House Democrats are demanding a congressional inquiry into the Trump administration’s criminal investigation concerning Federal Reserve Chairman Jerome Powell. Representative Jamie Raskin, who is the top Democrat on the House Judiciary Committee, is collaborating with Representative Jared Moskowitz and other colleagues to request that […]
Trump states he does not intend to dismiss Powell after proposing a position to JPMorgan’s Dimon.
Trump Comments on Fed Chair Amid Investigation On Wednesday, President Trump stated he has no intention of firing Federal Reserve Chairman Jerome Powell, even with an ongoing criminal investigation into him. This follows reports suggesting that Jamie Dimon, CEO of JPMorgan Chase, was offered the Federal Reserve position months ago, an offer Dimon reportedly perceived […]
Trump disagrees with Jamie Dimon’s warning about the DOJ investigation of Jerome Powell.
President Trump took aim at Jamie Dimon, the president of JPMorgan Chase & Co., on Tuesday, rejecting Dimon’s assertion that the Justice Department’s criminal probe into Federal Reserve Chairman Jerome Powell poses a risk to the central bank’s independence. When asked about Dimon’s remarks, Trump stated, “I think he’s wrong,” defending the investigation, which has […]
Jeanine Pirro stands up for Fed Chairman Jerome Powell amid criminal probe
U.S. Attorney for the District of Columbia, Jeanine Pirro, has criticized Federal Reserve Chair Jerome Powell, asserting that “no one is above the law” in light of a new investigation into the Federal Reserve. During an appearance on “Hannity,” Pirro conveyed that the investigation is simply part of their responsibilities, remarking, “The Chairman is saying, […]
Sen. Kevin Cramer recommends Jerome Powell step down to prevent a DOJ indictment
Call for Powell’s Resignation Amid Investigation Senator Kevin Cramer (D) proposed on Tuesday that Federal Reserve Chairman Jerome Powell should step down to potentially avoid prosecution. He suggested that this resignation could persuade the Department of Justice (DOJ) to pause its investigation into Powell. This suggestion arose following the DOJ’s announcement on Sunday about a […]
Trump supports DOJ investigation into Federal Reserve Chair Jerome Powell despite criticism
President Donald Trump recently argued that the support from conservatives is influencing the Justice Department’s investigation into Federal Reserve Chairman Jerome Powell, suggesting it appears to be politically motivated. In an interview with CBS News’ Tony Dokoupil, Trump was questioned about the scrutiny surrounding Powell, particularly regarding his congressional testimony last summer focused on costly […]