Some bells you can’t unring. Some doors are one-way. The United States is about to find out whether the attempted criminal prosecution of its central banker is one of those. The big picture: The news Sunday night that President Trump’s Justice Department is conducting a criminal investigation into Federal Reserve chair Jerome Powell over his Congressional testimony on the Fed’s…
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A lot of things happened. Here are some of the things. This is TPM’s Morning Memo. Programming note: Join me for the first Morning Memo Live event on Jan. 29 in Washington, D.C. Find details and tickets here.
11:15am: Week ahead Wall Street faces a potentially volatile week as the Q4 earnings season kicks off for major banks, key economic data is released, and political developments in the US and Europe add uncertainty. Financial results will take center stage. JP Morgan and Bank of New York report on Tuesday, Citigroup and Bank of America on Wednesday, and Goldman Sachs, BlackRock, and…
The DOJ has taken aim at Fed chairman Jerome Powell, handing the high court a case-in-point for preserving Fed independence from politically motivated threats. The post Trump DOJ threatens ‘unprecedented’ criminal charges against Federal Reserve chairman, and the timing couldn’t be worse first appeared on Law & Crime.
You find the perfect waterfront home in Martin County, secure mortgage pre-approval, and then the insurance quote arrives: $6,000 or more per year. Suddenly, your monthly payment jumps by $500, and what seemed affordable quickly feels out of reach. For buyers and owners across the Treasure Coast, rapidly rising insurance costs are becoming a hidden […]
9:55am: Gold surges on Fed fears US stocks retreated from record highs on Monday morning as investors reacted to the news that prosecutors have opened a criminal investigation into Federal Reserve chair Jerome Powell. The Dow Jones was down 0.3% at 49,334 points, the S&P 500 was down 0.1% at 6,961 points, and the Nasdaq fell 9 points to 23,665 points. Concerns about Fed…
A new cryptocurrency education workshop teaches systematic approaches to digital asset trading through automated tools and technical analysis. The training covers blockchain fundamentals, trading platform navigation, and risk management strategies for participants interested in cryptocurrency markets.
TLDR Crypto investment products recorded $454 million in net outflows last week. Investor sentiment shifted due to reduced expectations of a Federal Reserve rate cut in March. Bitcoin funds led the withdrawals with $405 million in redemptions. Ethereum investment products saw $116 million in outflows during the same period. Multi-asset crypto funds recorded $21 million […] The…
Ahead of the bell: Retreat from record territory US stock futures fell on Monday morning, retreating from record highs after a criminal investigation into Federal Reserve chair Jerome Powell sparked fresh concern over the central bank’s independence. Dow Jones futures slipped 0.7%, with S&P 500 futures down 0.55%. The Nasdaq 100 led losses, falling close to 0.8% after a string of…
A new chapter in the confrontation between Donald Trump and US Federal Reserve Chairman Jerome Powell. "On Friday, the Department of Justice delivered grand jury subpoenas to the Federal Reserve, threatening criminal charges related to my testimony before the Senate Banking Committee last June," Powell said in a statement and video. Trump and other senior…
The chairman of the United States Federal Reserve, Jerome Powell, announced that the central bank is facing legal action for not cutting interest rates, something demanded by US President Donald Trump. In a statement released on Sunday, Jerome Powell said the institution had received a subpoena from the Department of Justice that could lead to impeachment…
The head of the US Federal Reserve, Jerome Powell, announced that the central bank is facing legal action for not cutting interest rates, something demanded by US President Donald Trump. In a statement released on Sunday, Jerome Powell said that the institution, known as the Fed, had received a subpoena from the Department of Justice that could lead to impeachment…
The price of gold rose to a new all-time high in response to Federal Reserve Chairman Jerome Powell’s announcement that he is the target of a criminal investigation by prosecutors and also amid uncertainty over possible U.S. intervention in Iran. It should be remembered that President Donald Trump has publicly called on the Federal Reserve, and Powell in…
You are now in the "CNN Newsroom" with me, Ben Hunte, in Atlanta. Coming up on the show, U.S. Federal Reserve Chair Jerome Powell under scrutiny as federal prosecutors open a criminal investigation into his testimony about renovations. A surging death toll in Iran.
TLDR DOJ issued subpoenas over Powell’s 2025 Senate testimony on Fed renovation. Powell says criminal threat is linked to pressure over interest rate policy. Trump denies any DOJ involvement and calls Powell ineffective at the Fed. Markets show low odds of Powell leaving early with muted financial reaction. Federal Reserve Chair Jerome Powell said the […] The post Fed Under…
President Trump denies knowing anything about the Department of Justice serving subpoenas to the Federal Reserve on Friday. According to Chair Jerome Powell, the DOJ is focusing on his June 2025 testimony regarding multi-year renovations of Federal Reserve headquarters in Washington, DC.
Federal prosecutors are investigating Jerome Powell over a $2.5 billion renovation of the Federal Reserve’s headquarters, but prediction markets suggest traders see little chance the probe will force the Fed chair out before his term ends.
Commonwealth Equity Services LLC lowered its stake in shares of Public Storage (NYSE:PSA – Free Report) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,596 shares of the real estate investment trust’s stock after selling 6,512 shares during the quarter. Commonwealth Equity…
