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1/13/2026

DOJ Opens Case Against Fed Chair Powell

Federal Reserve Chair Jerome Powell revealed Sunday that the U.S. Department of Justice has issued grand jury subpoenas to the Federal Reserve, opening a case that could potentially lead to a criminal indictment against him. The development marks a dramatic escalation in tensions between the central bank and the Trump administration, with Powell characterizing the move as part of an ongoing pressure campaign over interest rate policy.

3 min read