US stocks slide, gold surges after DOJ opens criminal probe into Fed chair Jerome Powell
New York Post·2026-01-12 14:33
Wall Street was rocked early Monday after federal prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell — rattling investors and igniting fears of political interference at the central bank.Dow futures tumbled more than 350 points in premarket trading, with the blue-chip contract down 357 points, or 0.72%, while S&P 500 futures slid 39.75 points, or 0.57%, and Nasdaq futures sank 201.25 points, or 0.78%, as investors reacted to the Justice Department’s move against the Fed cha ...