Tensions between the Trump administration and the Federal Reserve have escalated sharply after reports that the Justice Department issued grand jury subpoenas to the Fed, tied to an investigation into Chair Jerome Powell and a multibillion-dollar headquarters renovation. The probe, reportedly approved last year, marks a dramatic new phase in Trump’s long-running feud with Powell, raising serious questions about central bank independence, political pressure, and the use of criminal investigations in institutional disputes.
DOJ Launches Criminal Investigation Into the Fed and Chairman Jerome Powell
