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Latest reporting and analysis tagged with Jerome Powell.
Fitch's top sovereign analyst says a major erosion of the Federal Reserve's independence would be negative for the U.S. credit rating, with the dollar's global currency status being the most critical issue.
JPMorgan CEO Jamie Dimon says Trump's criticism of Fed Chair Jerome Powell threatens central bank independence and could raise inflation and interest rates. Powell faces a DOJ investigation over Fed HQ renovations.
Federal Reserve Chair Jerome Powell revealed a criminal indictment threat from the Justice Department over budget overruns, calling it a pretext for political pressure on interest rates. Bipartisan senators and global central bankers defended Fed independence as markets reacted.
Gold futures reached an all-time high of $4,647.60 on Wednesday, fueled by concerns over Federal Reserve independence after a Trump administration subpoena to Chair Jerome Powell. Ten central bank leaders issued a joint statement supporting Powell.
The Federal Reserve implemented rate cuts in 2025, facing public criticism from President Trump, who removed a Fed governor. Fed Chair Powell announced a criminal investigation into his testimony, linking it to political pressure.
US stock indexes closed at record levels on Monday despite a criminal probe into Fed Chair Jerome Powell. Gold and silver surged, while bank stocks fell after Trump's warning on credit card rates.