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Top 7 jerome powell News Today

#1
'Can we hop on a call?' Prosecutor's 'breezy' tone raised suspicions for Fed chair
#1 out of 7
business1d ago

'Can we hop on a call?' Prosecutor's 'breezy' tone raised suspicions for Fed chair

https://www.rawstory.com/jerome-powell-investigation-2674901513/
Rawstory.com
  • A Justice Department inquiry surfaced after informal emails raised questions about Fed renovations and Powell's testimony.
  • Fed officials were described as concerned the messages could signal a criminal inquiry.
  • The probe focused on renovations costs at the Fed headquarters and Powell's June testimony.
  • Officials noted there was no FBI involvement when the inquiry began, per the Post.
  • The emails requested discussions on Powell's testimony and the building's renovations, the Post reported.
  • Fed Chair Jerome Powell reportedly retained outside counsel amid the inquiry.
  • Two DOJ sources described the tone of the inquiries as potentially signaling criminal implications.
  • The topic included renovations on the National Mall project tied to the Fed’s headquarters costs.
  • The Post reported on the outset of the inquiry and related communications.
  • Officials noted the inquiry’s early, fact-gathering nature with no formal charges yet.
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#2
Trump's Fed chair pick will be made to 'walk tightrope' right after being named: report
#2 out of 7562.0 est. views
politics1d ago

Trump's Fed chair pick will be made to 'walk tightrope' right after being named: report

https://www.rawstory.com/trump-powell-2674901340/https://www.dailymail.co.uk/news/article-15470705/donald-trump-federal-reserve-chair-kevin-hassett-warsh.html
Rawstory.com and 1 more
  • Trump is weighing two Kevins (Hassett and Warsh) as potential Fed chair candidates, with TV appeal influencing the choice and ongoing scrutiny from Congress during confirmation.
  • The White House faces a tough pre-nomination climate as attacks on Jerome Powell and DOJ investigations complicate the viability of any replacement.
  • Janet Yellen warned that Trump’s stance risks eroding credibility for a future Fed leader amid expectations of alignment with the president.
  • A DOJ investigation into Powell is cited as contributing to distrust around any prospective Fed chair before a nominee is announced.
  • Two Republican lawmakers, Thom Tillis and Lisa Murkowski, are highlighted as key observers who will closely scrutinize the nominee.
  • The pre-nomination atmosphere is shaped by Trump’s attacks on Powell, affecting how nominees are viewed before confirmation.
  • Kevin Hassett is repeatedly mentioned as a leading candidate, with his TV presence cited as a factor in the pick.
  • Kevin Warsh is noted for his 'acumen and good looks,' contributing to Trump’s consideration alongside Hassett.
  • Christopher Waller emerges as a suggested alternative to Hassett if concerns about independence persist.
  • The Daily Mail report frames the nomination as a politically fraught battle with intense scrutiny and strategic maneuvering.
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#3
Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed
#3 out of 7
politics1d ago

Trump’s economic adviser expects there is ‘nothing to see’ as justice department investigates Fed

https://www.theguardian.com/us-news/2026/jan/16/kevin-hassett-fed-investigation
Theguardian.com
  • Kevin Hassett, a top Trump economic adviser, said he expects there is nothing to see in the DOJ’s investigation of the Fed and its renovations.
  • The DOJ is pursuing a criminal investigation into the central bank’s headquarters renovations and Powell’s congressional testimony about costs.
  • Hassett said transparency should have been better and that the Fed must be independent and transparent if he led as chair.
  • Former Fed chairs condemned the investigation, warning such prosecutions can have negative effects on the cost of living.
  • Central banks worldwide issued a rare joint statement expressing solidarity with Powell.
  • If offered the Fed chair, Hassett said he would pursue independence and transparency.
  • Trump publicly praised Hassett for his performance on television, complicating a potential transition from his current role.
  • Hassett is described as a leading candidate to replace Powell as Fed chair when his term expires in May.
  • The DOJ investigation centers on project overruns and whether transparency was lacking in congressional testimony.
  • The Guardian article emphasizes a tense dynamic between the Fed’s independence and political scrutiny.
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#4
Fed alarmed after DOJ emails spark fears of criminal probe tied to Trump feud
#4 out of 7
politics1d ago

Fed alarmed after DOJ emails spark fears of criminal probe tied to Trump feud

https://www.rawstory.com/fed-chair/
Rawstory.com
  • Federal Reserve officials grew alarmed after a DOJ prosecutor sought an off-the-record chat about Fed renovations.
  • The outreach came from a political appointee in U.S. Attorney Jeanine Pirro’s office.
  • Powell hired outside counsel and declined engagement with the prosecutor.
  • The incident has intensified tensions between the Fed and the White House.
  • Officials fear the probe targets the Fed more for political pressure than construction costs.
  • The report cites multiple sources familiar with the exchanges.
  • The article emphasizes timing around the 2025-2026 political environment.
  • Powell attended a press conference following a FOMC statement in 2025.
  • The piece frames the issue as a possible criminal implication tied to a political feud.
  • The article appears on Raw Story and includes video and related reads.
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#5
MAGA Wall Street Bros Beg Trump to End His ‘Next Level Dumb’ Revenge Plot
#5 out of 736.5K est. views
politics20h ago

MAGA Wall Street Bros Beg Trump to End His ‘Next Level Dumb’ Revenge Plot

https://www.thedailybeast.com/maga-wall-street-bros-beg-trump-to-end-his-next-level-dumb-revenge-plot/
Thedailybeast.com
  • Trump supporters on Wall Street press to end the Powell probe as markets could be unsettled.
  • Executives say the probe could spook markets and hinder the economy by delaying rate decisions.
  • Senators warn the investigation could undermine Fed independence and market stability.
  • Powell defended the Fed’s stance while indicating the probe is politically motivated.
  • International central banks voiced support for Powell’s independence.
  • Lawmakers on Republican side voice concerns about the probe’s impact on markets.
  • Some Republican lawmakers warned against destabilizing markets by probing the central bank.
  • The article sketch notes Powell’s resignation could come under pressure if the investigation accelerates.
  • The Daily Beast frames the probe as part of a broader political clash between Trump allies and Powell.
  • The report highlights tension between political goals and central bank independence.
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#6
Scott Bessent says Jerome Powell probe likely due to the chairman's 'construction incompetence'
#6 out of 723.6K est. views
politics13h ago

Scott Bessent says Jerome Powell probe likely due to the chairman's 'construction incompetence'

https://www.foxbusiness.com/media/scott-bessent-says-jerome-powell-probe-likely-due-chairmans-construction-incompetence
Foxbusiness.com
  • Scott Bessent told Kudlow the Powell probe is likely due to construction incompetence, signaling internal issues at the Fed.
  • Bessent urged for an internal investigation or internal review at the Fed to improve transparency.
  • Trump’s team is weighing a successor for Powell, with Kevin Hassett mentioned as a leading contender.
  • Bessent highlighted Powell’s removal prospects as part of Trump’s deliberate selection process.
  • The interview connected the probe to broader discussions about Fed accountability and policy decisions.
  • Powell acknowledged the probe as 'unprecedented' during a Fed video message.
  • Trump signaled a January announcement for Powell's successor, with possible timing around Davos.
  • Bessent spoke at Minnesota event, describing the Fed chair race and potential changes to leadership structure.
  • The discussion framed Powell's investigation within political maneuvering over monetary policy and Fed independence.
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#7
Sen. Thom Tillis takes on the White House, but not Trump
#7 out of 7
politics10h ago

Sen. Thom Tillis takes on the White House, but not Trump

https://apnews.com/article/tillis-senate-trump-greenland-powell-miller-fd1a1123b1998b2a8be45e0fb9da52d5
Apnews.com
  • Sen. Thom Tillis challenged White House advisers on Greenland policy while signaling support for the president in other areas.
  • Tillis, not seeking reelection, used the moment to emphasize accountability for White House staff decisions.
  • The article notes Tillis is one of two Republicans who joined a Denmark delegation as Trump threatened Greenland.
  • Tillis criticized Homeland Security actions and questioned responses to the Minneapolis shooting incident.
  • Tillis framed Jan. 6 as a stress test for democracy while criticizing Democratic moves he blamed on defunding the police.
  • The AP piece notes Tillis’ retirement plans and his approach of balancing criticism with support for Trump.
  • Tillis criticized Powell’s Fed probe and questioned the decision-making around it.
  • The report highlights Tillis’ background and business experience shaping his policy views.
  • Tillis joined a Denmark trip as Trump eyed Greenland, signaling nuanced GOP positions on foreign policy.
  • The piece notes Tillis' intent to create a better environment for GOP wins ahead of midterms.
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