Minneapolis, federal building and Fireworks
Digest more
Fed, Jerome Powell
Digest more
Fed Chair Jerome Powell on U.S. Investigation Targeting Him
Digest more
Federal agents fired flashbang grenades and deployed tear gas and an eye irritant at protesters gathered outside a federal building in Minneapolis on Tuesday, triggering loud explosions as authorities moved to disperse the crowd, footage shows.
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.
President Donald Trump has dramatically escalated his confrontation with the Federal Reserve. His Justice Department is investigating and threatening a criminal indictment of the independent central bank and serving it with subpoenas.
The Federal Reserve is an independent organization, meant to be insulated from politics, and the Supreme Court suggested last year that President Donald Trump would need a reason, or cause, to fire Federal Reserve Chairman Jerome Powell.
White House economic adviser Kevin Hassett said on Monday he was not involved in conversations with the Justice Department about its probe into Federal Reserve Chair Jerome Powell and did not know whether President Donald Trump had approved it.