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Fed Chair Jerome Powell Says Department of Justice Served Fed With Grand Jury Subpoenas
10+ min ago (450+ words) U.S. prosecutors have served the Federal Reserve with grand jury subpoenas, Fed chairman Jerome Powell said in a video statement on Sunday night. The Fed received the subpoenas from the Justice Department on Friday, Powell said. He said federal prosecutors are…...
DOJ subpoenas Federal Reserve in escalating pressure campaign
16+ min ago (369+ words) The Justice Department has subpoenaed the Federal Reserve for information on the central bank's headquarters renovation, according to a video statement released by Fed chairman Jerome Powell on Sunday. It's the latest escalation in the administration's pressure campaign to force…...
The biggest trading theme of 2026: Trump can't afford to lose, the end of the international order
20+ min ago (954+ words) Renew the Spirit, Reveal the Worth Navigating Web3 tides with focused insights Facing immense pressure from the midterm elections, the Trump administration is showing determination to turn the situation around at all costs. As the world enters 2026, global macro markets are…...
Dow Jones Futures Fall As Fed Chief Powell Under Criminal Probe; JPMorgan, Goldman, Delta, Taiwan Semi Ahead
24+ min ago (67+ words) Fed chief Jerome Powell said a criminal probe is really about President Trump's anger over interest rates. JPMorgan, Goldman, Taiwan Semi, Delta loom. Oops, something went wrong Dow Jones Futures Fall As Fed Chief Powell Under Criminal Probe; JPMorgan, Goldman,…...
Gold rally extends on geopolitical fears and Fed uncertainty
44+ min ago (441+ words) The gold chart below shows price climbing within a well-defined ascending channel that has been in place since September. Following a brief pullback in late October, the metal rebounded sharply, forming a series of higher highs and higher lows. The…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
48+ min ago (761+ words) The move represents an unprecedented escalation in President Donald Trump's battle with the Fed, an independent agency he has repeatedly attacked for not cutting its key interest rate as sharply as he prefers. The renewed fight will likely rattle financial…...
Powell Probed: US Stock Futures Tumble on Criminal Investigation Fears
50+ min ago (167+ words) Federal Reserve Chair Jerome Powell revealed he is under criminal investigation by the Department of Justice, linking the probe to political pressure from President Trump. The announcement via a video message sent U.S. stock futures sharply lower late Sunday, with Dow…...
PBOC sets USD/CNY reference rate at 7.0108 vs. 7.0128 previous
1+ hour, 2+ min ago (434+ words) On Monday, the People's Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0108 compared to Friday's fix of 7.0128 and 6.9849 Reuters estimate. The primary monetary policy objectives of the People's Bank of China (PBoC)…...
Gold tops $4,600 as geopolitics and Powell probe spur rush
1+ hour, 3+ min ago (383+ words) Gold surged past $4,600 an ounce for the first time on Monday, while silver also climbed to a record high, as investors flocked to safe-haven assets amid escalating geopolitical tensions and news of a criminal probe involving U.S. Federal Reserve Chair Jerome…...
Fed Chair Powell Says He’s Under Criminal Investigation
1+ hour, 9+ min ago (137+ words) Jerome Powell suggests the probe is about interest rates'not his testimony or renovation. Fed Chair Powell Says He's Under Criminal Investigation Federal Reserve Chair Jerome Powell said the U.S. central bank was served with grand jury subpoenas by the Department of…...