Even for some Republicans who’ve been staunch supporters of U.S. President Donald Trump, the move by the Department of Justice to launch a criminal investigation into the Federal Reserve and its chair Jerome Powell is a red line that should not be crossed.

The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. “Job gains have slowed this year, and the unemployment rate has edged up but remained ...

Federal Reserve Chairman Jerome Powell speaks at a news conference after the Federal Open Market Committee meeting Wednesday, Oct. 29, 2025, at the Federal Reserve Board Building in Washington. (AP Photo/Manuel Balce Ceneta) WASHINGTON (AP) — The Federal ...

Murkowski urges Congress to probe DOJ’s investigation of Fed Chair Powell, warning it threatens central bank independence.