Trump's Shaky Fed Takeover Effort Could Backfire
Investors·2026-01-12 16:51
Federal Reserve Chairman Jerome Powell charged in a video released Sunday night that President Donald Trump's Department of Justice has launched a criminal investigation of his testimony to Congress about the Fed building renovation project as a "pretext" for gaining control of monetary policy. The 10-year Treasury yield rose early Monday as investors reacted to added uncertainty over Fed independence and the implications for inflation. ...