Last updated: 2026-01-12 09:55:20 ET
NPR's Leila Fadel speaks with David Wessel of the Brookings Institution about what the subpoena of Fed Chair Jerome Powell means for the central bank's independence and the U.S. economy.
Spot gold advanced higher to hit over $4,600 an ounce for the first time.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
U.S. futures have fallen while markets in Asia advanced after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas
European stocks are expected to start the new week in negative territory as investors weigh geopolitical developments and pressure on Fed Chair Jerome Powell.
The president denies all knowledge. A bizarre fight could get nasty
'This unprecedented action should be seen in the broader context of the administration's threats'
Federal Reserve Chair Jerome Powell says his refusal to drop interest rates led to Donald Trump opening a criminal investigation over renovations to t...
Powell called the probe "unprecedented" and came after his refusal to lower interest rates after demands by Donald Trump.
The Justice Department served the Federal Reserve with grand jury subpoenas on Friday, Fed Chair Jerome Powell said Sunday, threatening an “unpreced...
