Criminal Probe at the Fed: What Trump Wants from Powell?
Federal Reserve Chair Jerome Powell is now at the center of a criminal inquiry, a move that has stunned Washington, rattled Wall Street, and triggered urgent debates over the future independence of the Central Bank. The Justice Department is reviewing whether Powell misled Congress about the Fed's massive $2.5 billion headquarters renovation. However, critics argue that the real battle is over who controls America's money and monetary policy under President Trump.
In this report, we break down what the DOJ is investigating, why Trump allies are pressuring the Fed for faster rate cuts, how markets reacted, and what this conflict could mean for the economy heading into 2026. Is this a legitimate investigation or a political power grab aimed at reshaping the Fed?
Stay tuned until the end for the key timeline, market implications, and the question now circulating across Washington: Can the Fed remain independent under criminal scrutiny?
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