Trump's latest move against Powell could mean a delay for the president's big chance to install a new Fed chair
MarketWatch·2026-01-12 16:15

Core Viewpoint - A Republican senator is withholding support for a nominee for the Federal Reserve chair until the Justice Department's investigation into Jerome Powell is concluded [1] Group 1 - The senator's leverage indicates a significant political influence over the nomination process for the Federal Reserve chair [1] - The ongoing investigation by the Justice Department raises concerns regarding Jerome Powell's suitability for the position [1]