The Latest Breaking News from US Federal Reserve

GOP lawmakers ding Powell probe as coercion, distraction

Some Republican lawmakers on Monday criticized the Justice Department’s investigation of Federal Reserve Chairman Jerome Powell.

Roll Call · Jan 12

Trump’s attempts to influence Fed risk 1970s-style inflation and global backlash’

Analysts warn that White House pressure on US central bank to cut interest rates could put economy in danger

The Guardian - UK · Jan 12

Ex-Fed chairs condemn Trump’s bid to weaken central bank’s independence

Statement signed by 13 former senior officials condemns ‘unprecedented’ assault on Fed’s independence

The Guardian - US · Jan 12

Stocks Retreat on Concerns Over Fed Independence

The S&P 500 Index ($SPX ) (SPY ) today is down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.27%. March E-mini S&P futures (ESH26 ) are down -0.22%, and March E-mini Nasdaq futures...

Barchart · Jan 12

Some Republicans speak out against DoJ investigation into Fed chair

Republican senator vows to block all Fed nominations ‘until legal matter is fully resolved’

The Guardian - US · Jan 12

Gold Rallies, VIX Spikes as Fed Chair Powell Responds to Criminal Indictment

Over the weekend, Powell said the DoJ charges are a pretext to apply pressure over Fed rate cuts.

Barchart · Jan 12

Jerome Powell Warns 'Pretext' Investigation Is a Power Play That Could Undermine Fed Independence

Federal Reserve chair Jerome Powell says a 'pretext' investigation risks politicising interest rate decisions and weakening Fed independence.

International Business Times UK · Jan 12

Gold and silver soar after US targets Federal Reserve in Powell probe

European indexes were mixed on Monday after a rally in Asia, while US futures dipped on reports of a Justice Department probe into Fed chair Jerome Powell. The news sent gold and silver to fresh records.

Euronews · Jan 12

First Thing: Trump weighs ‘very strong’ military options against Iran as death toll of protesters climbs

US president claims ‘Iran wants to negotiate’ as rights groups report that regime’s crackdown on protest has killed hundreds. Plus, how Grok’s nudification tool went viral

The Guardian - UK · Jan 12

Gold price soars to new record as US Federal Reserve faces threats

Gold prices surged to a new record high of 4,600 US dollars per ounce, driven by investor concerns over threats to the independence of the US central bank. The precious metal's value has increased by approximately 70% over the past year, reflecting a broader trend of investors seeking safe haven…

The Independent UK · Jan 12