Fed's Powell says Trump administration has threatened him with a criminal indictment

  • Posted on January 12, 2026
  • By AOL
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Fed's Powell says Trump administration has threatened him with a criminal indictment

WASHINGTON, Jan 11 (Reuters) - The Trump administration has threatened to indict Federal Reserve Chair Jerome Powell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more influence over the central bank and monetary policy. The development in the long-simmering effort by President Donald Trump for greater control over the ​Fed had immediate fallout, with Republican Senator Thom Tillis, a member of the Senate Banking Commi
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