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Trump admin threatens Fed Chair Jerome Powell with indictment

Rob Beschizza
Jan 12, 2026
∙ Paid

Screenshot: Powell in his statement

Federal Reserve chairman Jerome Powell says that the Trump Administration has threatened him with criminal indictment over his testimony to congress last year, a threat he describes as an act of political intimidation. President Trump, who appointed Powell in his first term of office, has been at odds with the Federal …

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