-
Trump attacks Powell again amid Fed independence fears: ‘Incompetent’ or ‘crooked’
President Donald Trump on Tuesday slammed Federal Reserve Chair Jerome Powell as either “incompetent” or “crooked,” even as his Department of Justice faces growing opposition over its criminal investigation into the central bank leader. Trump threw his latest punch at Powell after being asked whether the unprecedented action undermines confidence in the Fed, which has long enjoyed independence from the executive branch. “He’s billions of dollars over budget,” Trump said, apparently referencing costs related to a multibillion-dollar renovation of the Fed’s Washington headquarters, which is at the ... (full story)
- Comments / Top
- Subscribe
traderathome
Jan 13, 2026 11:39am
Permalink
btrfx1
Jan 13, 2026 10:05pm
Permalink
objective
Jan 13, 2026 11:47am
Permalink
Trader#BBE1
Jan 14, 2026 3:27am
Permalink
Trader#56D8
Jan 13, 2026 11:56am
Permalink
Trader#A803
Jan 13, 2026 12:00pm
Permalink
Trader#8EBF
Jan 13, 2026 2:24pm
Permalink
-
Related Stories
President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within the next few weeks despite the backlash over a Justice Department probe into the remodeling of the central banks headquarters that has threatened his ability to secure a confirmation. Trump was asked about his plans during a factory tour in ...
Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation into the central bank chief. We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell, central bank chiefs including European Central Bank President Christine Lagarde and ...
U.S. equities closed at fresh record highs on Monday, with both the S&P 500 and the Dow Jones Industrial Average notching new all-time closing levels. Gains were led by technology stocks and retailer Walmart, as investors largely shrugged off concerns surrounding a U.S. Department of Justice criminal investigation into Federal Reserve Chair Jerome Powell. ...