
Trump Intensifies Pressure on Fed's Powell With Criminal Inquiry and Rate-Cut Demands
Published January 13, 2026
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A satirical trading card capturing the surreal battle between President Trump and Federal Reserve Chair Jerome Powell as the White House escalates pressure for lower interest rates and a shocking DOJ investigation shakes confidence in U.S. monetary policy.
President Donald Trump’s administration has dramatically escalated its public confrontation with Federal Reserve Chair Jerome Powell - demanding deeper interest rate cuts and, in a rare move, triggering a Department of Justice criminal investigation related to Powell’s testimony and Fed building renovation costs. Powell has rebuked the probe as a pretext aimed at pressuring monetary policy decisions, arguing for the importance of central bank independence. The clash has drawn global central bank support for Powell, worried about threats to monetary stability and institutional autonomy, even as markets react to rising political interference and economic uncertainty.
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