Confrontation or Surrender? The Final Showdown Between Trump and Powell Begins

Federal Reserve Chair Jerome Powell confirmed that he is under criminal investigation by the Trump administration, prompting him to issue a strong statement refusing to yield to political pressure. He publicly condemned the action as "political intimidation" interfering with monetary policy. Concerns over the Federal Reserve's policy independence continued to mount, directly triggering chain reactions in the foreign exchange, stock, and commodities markets. The trigger for the investigation: a $2.5 billion renovation project for the Federal Reserve buildings. At the center of this investigation is the $2.5 billion renovation of two buildings at the Federal Reserve's Washington, D.C. headquarters. The buildings that drew Trump's attention include the Eccles Building and the building at 1951 Constitution Avenue — the former being constructed...

FX678 FinanceJan 12 19:40