Trump administration's criminal probe of Fed Chair Powell sparks rare GOP revolt on Capitol Hill
Fox Business·2026-01-12 21:16
A simmering feud between the Trump administration and the Federal Reserve reached a boiling point this weekend as the administration opened a criminal investigation into Chair Jerome Powell. What began as a disagreement over interest rate policy has evolved into an unprecedented confrontation, posing the greatest challenge of Powell’s eight-year leadership of the Federal Reserve.The dispute has now reached Capitol Hill, where congressional Republicans — including some close allies of the Trump administratio ...