Monday, January 12, 2026

Fed Chair Powell says criminal investigation “consequence” of not kowtowing to Trump’s interest rate demands

The Justice Department has opened a criminal investigation into Federal Reserve Chair Jerome Powell - linked to building renovations at the central bank's DC headquarters. Powell has hit back at the unprecedented move - saying it has nothing to do with the renovations - but is a threat because the Fed has refused to lower interest rates as aggressively as President Trump wants. Toni Waterman has more from DC.  

IN: The Justice Department...
DUR: 47s (including internal Powell SOT)
OUT: SOC
http://www.fsnradionews.com/feeds/0112PowellTrumpFedCriminalInvestigation.tw.mp3