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Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

12 janvier 2026 à 03:09

Fed chair accuses DoJ of threatening criminal charges over building renovation projects because central bank defied Trump’s interest rate demands

The Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump’s extraordinary attack on the US central bank.

Powell said the Department of Justice had served the Fed with grand jury subpoenas on Friday, threatening a criminal indictment related to his testimony before the Senate banking committee in June last year, regarding renovations to the Fed’s historic office buildings in Washington DC.

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© Photograph: Kevin Lamarque/Reuters

© Photograph: Kevin Lamarque/Reuters

© Photograph: Kevin Lamarque/Reuters

Josh Hart sparks Knicks by Trail Blazers in return with Karl-Anthony Towns glued to bench

12 janvier 2026 à 02:55
PORTLAND — Josh Hart looked great in his return and the Knicks outplayed the Blazers down the stretch — all with Karl-Anthony Towns benched — in a 123-114 victory Sunday afternoon.  Hart logged 31 minutes with 18 points and six assists in his first game since suffering an ankle sprain on Christmas. His injection of...

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