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Goldman's top economist says Fed probe threat adds to independence worries
Goldman Sachs' chief economist Jan Hatzius said on Monday that a criminal indictment threat facing Federal Reserve chief Jerome Powell would reinforce worries about the U.S. central bank's independence, but he expected the Fed to continue to make decisions based on data. U.S. President Donald Trump's administration has ramped up its pressure on the Fed, threatening to indict Powell over comments to Congress about a building renovation project, an action Powell called a "pretext" by the administration to gain more influence over interest rates which Trump wants cut dramatically. "Obviously there are more ... (full story)
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Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m ...
From investinglive.com | Jan 12, 2026
Silver extended the gains into a new record high today following the news of the US Department of Justice subpoenaing the Federal Reserve. This is just another attack on Fed independence as the White House continues to seek pretext to fire Fed Chair Powell. We have already seen this kind of intimidation with Fed Governor Cook last year when Trump tried to ...
FEDERAL PROSECUTORS OPEN PROBE INTO FED CHAIR POWELL OVER FED HQ RENOVATIONS – NYT
