Fed Chair Powell Faces Trump Pressure Amid Legal Probes

Jerome Powell faces political pressure from President Trump, including legal probes, amid disputes over Federal Reserve independence and interest rates in Washington as of January 2026.

The conflict underscores potential impacts on central bank autonomy, market uncertainty, and governmental influence on monetary policy decisions.

The conflict centers on Fed Chair Jerome Powell and President Donald Trump over the central bank's independence. Trump has criticized Powell for maintaining high interest rates, threatening to remove him. Renovation probe adds further tension.