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Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment

Left 36% Center coverage: 11 sources Right

Washington, D.C., United States

January 10, 2026 (Updated: February 13, 2026) 1 Left Negative I want money/finance advice

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Direction

Bullish

Confidence

75%

Impact Window

3-6 Months

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TheWkly Analysis

What this means for you:

•

Federal Reserve Chair Jerome Powell said Sunday that the Justice Department has served subpoenas on the Fed and threatened a criminal indictment over his June Senate testimony about a $2.5 billion Fed building renovation. Powell called the charges a “pretext” to undermine the Fed’s independence in setting interest rates. The clash marks an unprecedented escalation of President Trump’s pressure on the Fed, which he’s criticized for not cutting rates faster. Economists warn the fight could rattle financial markets and lift borrowing costs for consumers, while Powell’s term ends in May and Trump has hinted at naming a replacement.

Multiple perspectives analyzed from 11 sources

What this means for you:

•	This clash could inject uncertainty into financial markets, potentially nudging up interest rates on mortgages and loans if investors lose confidence. For consumers, the Fed’s ability to fight inflation without political pressure may be at stake.

Key Entities

• Federal Reserve, Powell, DOJ, central bank

Bias Distribution

Left: 64% (7 sources)

Center: 36% (4 sources)

Right: 0% (0 sources)

Multi-Perspective Analysis

Left-Leaning View

Emphasizes Fed independence under attack; frames subpoenas as political intimidation of the central bank.

Centrist View

Focuses on the DOJ-Fed clash, Powell’s denial of misconduct, and potential market fallout.

Right-Leaning View

Highlights renovation spending and testimony scrutiny; frames probe as accountability for Fed leadership.

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