Trump Threatens Fed Chair Powell Indictment
Analysis based on 11 articles · First reported Jan 12, 2026 · Last updated Jan 12, 2026
The threatened indictment of Jerome Powell by Donald Trump's administration has created significant market uncertainty, leading to a decline in the U.S. Dollar Index and US stock futures, while Gold prices rose. This event directly impacts the perceived independence of the United States — Federal Reserve, a critical factor for market stability and investor confidence in the United States' monetary policy.
Donald Trump's administration has escalated its pressure campaign on the United States — Federal Reserve by threatening to criminally indict Chair Jerome Powell. The United States — United States Department of Justice served grand jury subpoenas to the United States — Federal Reserve, citing Jerome Powell's Congressional testimony last summer about a $2.5 billion building renovation project as the basis for the threat. Jerome Powell has publicly stated that this action is a 'pretext' to gain more influence over the United States — Federal Reserve's interest rate decisions, which Donald Trump desires to be cut dramatically. This development has raised concerns about the independence and credibility of the United States — United States Department of Justice, with Republican Senator Thom Tillis vowing to oppose any Donald Trump nominees to the United States — Federal Reserve until the legal matter is resolved. The ongoing conflict, which also includes Donald Trump's attempt to fire United States — Federal Reserve Governor Lisa Cook, has led to market reactions such as a fall in the U.S. Dollar Index, a drop in US stock futures, and a rise in Gold prices, reflecting investor apprehension about the stability of US economic policy.
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