Trump vs Fed Chair Jerome Powell
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The Fed Chair sent a letter to the Senate Banking Committee in July that extensively responded to their inquiries on the Fed building renovation.
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Jerome Powell warns housing will be a major US crisis and says the Fed can't fix it alone in 2026
Jerome Powell is trying to do something unusual for a central banker: lower expectations. After a string of rate cuts and a modest retreat in mortgage costs, the Federal Reserve chair is warning that housing will remain one of the country's most acute economic problems in 2026 and that monetary policy alone cannot repair
Sen. Elizabeth Warren (D-MA) slams the DOJ investigation into Jerome Powell: "[Trump] has pushed back on the Fed at every opportunity... this latest is weaponizing the Department of Justice as a way to try to bring Jerome Powell to his knees.
Jerome Powell, the Fed’s soft-spoken chair, declared with uncharacteristic ardour that the probe was the result of the bank setting policy based on sound economics “rather than following the preferences of the president”.
When not guiding students in a compassionate approach to patient care, he led a tiny publishing imprint that put out a much-rejected debut novel that won a surprise Pulitzer Prize.
In a rare video message, Federal Reserve Chair Jerome Powell called the subpoenas an "unprecedented action."