Global central banks show ‘full solidarity’ to US Fed chairman after threats Bank of England governor Andrew Bailey was among the 11 central bank leaders to sign the statement of support. Evening Standard · Jan 13
The Jerome Powell investigation shows Trump’s need for limitless power The inquiry into the Federal Reserve chair sends a message to anyone standing in Trump’s way – including the supreme court The Guardian - US · Jan 13
Jerome Powell: steely Fed chair standing firm in face of Trump’s threats Highly respected figure has cast off restrained approach in defending central bank from escalating attacks The Guardian - US · Jan 13
Global central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threats Ten governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is critical The Guardian - UK · Jan 13
‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell, report claims Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’ The Independent UK · Jan 13
Consumer prices likely stayed elevated in December as data recovers from shutdown Inflation likely remained elevated last month as the cost of electricity, groceries, and clothing may have jumped and continued to pressure consumers’ wallets The Independent UK · Jan 13
Bessent unhappy with Justice Department’s criminal probe into Jerome Powell: report Scott Bessent believes the Department of Justice has ‘made a mess’ with its unprecedented investigation into the Fed chair, according to insiders The Independent UK · Jan 13
Asian shares mostly rise and Tokyo hits a record, tracking fresh highs on Wall Street Asian shares have mostly gained led by a rally in Japan after Wall Street hit more records The Independent UK · Jan 13
DOJ criminal probe highlights risk of Fed losing independence – a central bank scholar explains what’s at stake The Department of Justice’s decision to open a criminal investigation into Federal Reserve chair Jerome Powell has reignited concern over the independence of the central bank. The Conversation · Jan 13
Stunned Republicans tread carefully on DOJ's Powell investigation "We need this like we need a hole in the head." Axios · Jan 13
Trump is complaining that Pam Bondi is ‘weak’ and doesn’t enforce his agenda: report The President reportedly wants the DoJ to be more aggressive on his behalf The Independent UK · Jan 12
Jerome Powell says DOJ served him with subpoenas, claims it’s really about one thing Trump wants Trump just did something no president has ever done to the Fed. We Got This Covered · Jan 12
Trump's War on Interest Rates No one likes high interest rates on credit cards and loans, but artificially lowering interest rates via executive power is not a solution. Reason · Jan 12
Stocks Climb Wall of Worry to Hit New Highs: Stock Market Today The Trump administration's threats to Fed independence and bank profitability did little to stop the bulls on Monday. Kiplinger · Jan 12
Barchart · Jan 12 This Gold Stock Is Winning on the Back of a So-Called ‘Sell America’ Trade Alamos Gold (AGI) is trading at a new all-time high on Monday, and shares are up more than 118% over the past 52 weeks. AGI is benefiting from gold (GCG26) hitting new record highs on Monday. Some experts are calling the recent price action part of a “Sell America” trade...
International Business Times · Jan 12 Mike Johnson Defends Trump DOJ's Probe Into Jerome Powell As Republicans Break Rank to Condemn Charges House Speaker Mike Johnson defended the Trump administration's controversial decision to investigate Federal Reserve chair Jerome Powell.
The Guardian - US · Jan 12 Why is Trump’s justice department investigating Fed chair Jerome Powell? Powell publicly denounced the inquiry as punishment for not bowing to the president’s wishes on interest rates
International Business Times · Jan 12 Republican Senator Calls Out Trump For Attempted Coercion, Siding With Jerome Powell Republican Senator Lisa Murkowski criticized the Trump administration on social media for its investigation into Federal Reserve chair Jerome Powell.
Axios · Jan 12 Scoop: Bessent told Trump that investigation of Fed chair creates a "mess" "The secretary isn't happy, and he let the president know," one source familiar with Bessent's call to Trump told Axios.
The Independent UK · Jan 12 Republicans slam Powell probe as ‘coercion’ as Trump tries strong-arming central bank GOP pushback could imperil Trump’s efforts to remake the central bank’s board in his own image
The Guardian - UK · Jan 12 US bond markets should be in revolt. Fed independence matters It is a perilous time to mess with the principle that rate-setters under an independent system should be free of political pressure
The Guardian - US · Jan 12 Trump’s attempt to control Fed ‘undermines America’, Elizabeth Warren warns Senator condemned president’s bid to weaken central bank’s independence and examined Democrats’ future
Salon · Jan 12 Fed chair turns whistleblower on Trump The Justice Department's legal action against Powell for maintaining Fed independence could backfire on Trump
Kiplinger · Jan 12 How Worried Should Investors Be About a Jerome Powell Investigation? The Justice Department served subpoenas on the Fed about a project to remodel the central bank's historic buildings.
Evening Standard · Jan 12 Miners drive FTSE 100 up despite Fed probe worry The FTSE 100 index closed up 16.10 points, 0.2%, at 10,140.70.