US Federal Reserve chair says DOJ has threatened criminal indictment – video

The GuardianMonday, January 12, 2026 at 1:36:13 PM
NegativeU.S News
US Federal Reserve chair says DOJ has threatened criminal indictment – video
  • Jerome Powell, the chair of the US Federal Reserve, revealed that the Department of Justice has threatened him with a criminal indictment and issued grand jury subpoenas related to his Congressional testimony about a Federal Reserve building renovation project. Powell claims this action is a tactic to exert pressure on the central bank to reduce interest rates.
  • This development is significant as it highlights the increasing tensions between the Federal Reserve and the Department of Justice, raising concerns about the independence of the central bank and its decision-making processes amid political pressures.
  • The situation reflects broader themes of political influence on federal institutions, as seen in other recent allegations of political pressure within the Department of Justice, and ongoing debates surrounding the Trump administration's impact on regulatory bodies, including efforts to defund consumer protection agencies.
— via World Pulse Now AI Editorial System

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