68 m. ago Bessent unhappy with Justice Department’s criminal probe into Jerome Powell: report

Scott Bessent believes the Department of Justice has ‘made a mess’ with its unprecedented investigation into the Fed chair, according to insiders

Events

7 h. ago Top Republicans denounce justice department’s criminal probe into Fed chair

Backlash builds as Trump administration’s prosecutors target head of US central bank

Politics

12 h. ago Former Fed chiefs attack justice department probe into Jay Powell

Joint statement accuses Trump administration of behaving as if US is an emerging market ‘with weak institutions’

Events

17 h. ago Gold hits record high and dollar weakens on Fed independence worries

Wall Street futures also fall after US prosecutors launch criminal investigation into chair Jay Powell

Events

28 h. ago Republican senator says ‘independence and credibility’ of Department of Justice is in question amid Powell criminal probe

President Trump has long pressured Powell to cut the central bank’s interest rates

Politics

30 h. ago US prosecutors investigate Jay Powell over revamp of Fed headquarters

Central bank chair says probe is retaliation for refusal to bow to Trump’s demand for interest rate cuts

Events