latest news in Federal Reserve
Dimon Warns DOJ Probe Into Federal Reserve Could Trigger Higher Interest Rates
New York, Wednesday, 14 January 2026.
JPMorgan’s CEO warns the administration’s criminal probe into Chair Powell will backfire, creating market instability that forces the very interest rate hikes the White House hopes to prevent.
Federal Reserve Criminal Inquiry Threatens to Halt 2026 Interest Rate Cuts
Washington, Monday, 12 January 2026.
Despite administration pressure for cheaper money, the DOJ’s criminal probe into Chair Powell is expected to freeze rate cuts throughout 2026, directly contradicting the President’s economic goals.
Criminal Investigation Opened Into Fed Chair Powell Over Renovation Testimony
Washington D.C., Monday, 12 January 2026.
In an unprecedented move challenging the Federal Reserve’s independence, U.S. prosecutors have opened a criminal investigation into Chair Jerome Powell. The probe centers on allegations that Powell misled Congress regarding the scope and costs of the central bank’s headquarters renovation. While the inquiry focuses on construction details, Powell contends this legal action is a political pretext used by the Trump administration to pressure the Fed into lowering interest rates, raising critical questions about the future of monetary policy autonomy.