Republicans vouch for Fed chair, creating a rare schism with Trump
- Posted on January 16, 2026
- By Yahoo News
- 5 Views
Republicans vouch for Fed chair, creating a rare schism with Trump
President Donald Trump has spent his second term bulldozing elected and appointed officials who resist him or refuse to bend to his demands. As the Trump administration ramps up its pressure campaign against the central bank — now including Justice Department subpoenas and the threat of criminal charges — Senate Republicans have closed ranks around Powell, defending an independent Fed chair under attack from a president of their own party.