Powell blasts DOJ criminal probe as attack on Fed independence

Name: Powell blasts DOJ criminal probe as attack on Fed independence
Uploaded: 2026-01-12
Duration: 1 min 31 s
Description: Federal Reserve Chairman Jerome Powell on Sunday called out the Trump administration for attacking the central bank’s independence, saying a criminal probe is due to the Fed’s refusal to lower rates earlier this year as President Donald Trump demanded.

January 12, 2026 00:00 AM UTC
- Updated January 12, 2026 15:32 PM UTC

Federal Reserve Chairman Jerome Powell on Sunday called out the Trump administration for attacking the central bank’s independence, saying a criminal probe is due to the Fed’s refusal to lower rates earlier this year as President Donald Trump demanded.