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Trump Attacks Powell Again as Opposition to Fed Investigation Grows

Trump's attacks on Powell follow a $2.5 billion Fed renovation probe, splitting GOP support and risking delays in the Fed chair confirmation vote, Senate Republicans said.

Summary by Business Insider
President Donald Trump told reporters that Federal Reserve Chair Jerome Powell is either "incompetent" or "crooked."Win McNamee/Getty ImagesPresident Donald Trump lashed out at Federal Reserve Chair Jerome Powell again on Tuesday.Trump's criticism comes after some fellow Republicans expressed their support for Powell.Powell said he is facing a criminal probe in retaliation for his defiance of Trump's wishes.President Donald Trump isn't backing d…
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Trump attacks the Fed – but how independent are central banks? Monetary policy faces a dilemma between political influence, debt crisis and dollar pressure.

·Berlin, Germany
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North American economist Paul Krugman stated that US President Donald Trump is “vesseling” the country after opening a criminal investigation against the President of the Federal Reserve (Fed, the Central Bank of the United States), Jerome Powell. According to him, the new attack is a threat to all members of the monetary authority and any person contrary to the Republican's agenda, but it can be returned to Trump, without a short-term jurors an…

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Politico broke the news in on Tuesday, January 13, 2026.
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