Trump Is Playing with Federal Reserve Fire
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Federal Reserve, DOJ
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The Federal Reserve will meet later this month to make a decision on interest rates. But the latest inflation report is likely to make the central bank cautious about additional rate cuts.
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.
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Pirro says Federal Reserve ignored US attorney outreach on Powell testimony, alleged cost overruns
Federal Reserve independence under fire as Justice Department issues grand jury subpoenas tied to alleged cost overruns and Chair Powell’s congressional testimony.
Neel T. Kashkari, president of the Federal Reserve Bank of Minneapolis, defended Jerome H. Powell, the Fed chair, in an interview. He also said interest rates should be held steady this month.
The Federal Reserve is less likely to make cuts this year as it grapples with a criminal probe, analysts say. That could undermine one of Trump's goals.
The Federal Reserve has several tools to manage the money supply and keep the economy running smoothly. Learn how the central bank sets monetary policy.
Treasury Secretary Scott Bessent reveals Trump has one final interview before naming the next Federal Reserve chair, with decision expected by month's end.
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