Why the attack on Fed Chair Jerome Powell follows Donald Trump's typical playbook — and isn't going to stop there
Business Insider·2026-01-12 21:16
Donald Trump wants Jerome Powell, the head of the Federal Reserve, to do something Powell doesn't want to do. Now, Trump's federal prosecutors are now investigating Powell.That's the shortest version of the news story that broke Sunday night, when Powell released an extraordinary statement and video, which I urge you to watch and read for yourself. Key quote from Powell, who Trump picked as Fed chair in 2017: "This unprecedented action should be seen in the broader context of the administration's threats ...