this post was submitted on 12 Jan 2026
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Politics

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Federal prosecutors have opened a criminal investigation of Federal Reserve Chairman Jerome Powell, he confirmed on Sunday evening.

Powell said the probe was the result of the Fed “setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of” President Donald Trump.

Terrible precedent that will harm our economy's ability to recover from high unemployment or inflation.

Powell's statement is worth a read

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[–] aarch0x40@piefed.social 11 points 4 weeks ago (1 children)

Appointing Jerome Powell to the Fed may have been the best thing Trump has ever done.

[–] Midnitte@beehaw.org 4 points 3 weeks ago

Broken clocks and all that.

Also amazing what being an independent agency does to a person.

[–] gnarles_snarkley@beehaw.org 6 points 3 weeks ago

This guy is an absolute legend.

[–] megopie@beehaw.org 1 points 3 weeks ago

Next month “fed to raise rates”