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By Rodrigo Santos Andrade
Trump administration opens bombshell criminal probe into Fed Chair Jerome Powell
visibility comment0 event January 12, 2026 timer 02:02
United States President Donald Trump’s administration has opened a criminal investigation into Federal Reserve Chair Jerome Powell.
Powell responded to the Department of Justice’s subpoenas in a video statement posted to X.
The Fed chair claims the threat of criminal charges aim to pressure the central bank to cut interest rates.
The DOJ’s move has raised concerns around the independence of US monetary policy.
Tags: Australian News, Breaking News Australia, Sky News Australia
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