Fed's Powell says administration has threatened criminal indictment over his Senate testimony

  • Posted on January 12, 2026
  • By Business News Today
  • 4 Views
Fed's Powell says administration has threatened criminal indictment over his Senate testimony

Federal Reserve Chair Jerome Powell revealed Sunday that the Trump administration has threatened him with a criminal indictment. This follows grand jury subpoenas served to the Fed on Friday, which Powell described as a "pretext" to pressure him in a dispute over interest rates. The subpoenas are related to his testimony before the Senate Banking Committee last June.
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