BREAKING: Powell Refuses to Kiss the Ring and Trump Responds With Criminal Investigation
Really American3 days
DOJ Opens Criminal Probe Into Fed Chair Jerome Powell
Is Powell facing accountability for misleading Congress, or is this an attack on Federal Reserve independence?
Above: Jerome Powell in Washington, D.C., on Dec. 10. Image credit: Al Drago/Bloomberg/Getty Images
The Spin
Republican narrative
Powell lied to Congress about the massive costs and scope of Fed headquarters renovations, and now faces a criminal investigation for potential perjury. This isn't about monetary policy independence — it's about holding an unelected bureaucrat accountable for misleading testimony and refusing transparency. The Fed is not above the law, and Powell's desperate attempt to claim victimhood proves the establishment fears real oversight.
Democratic narrative
The criminal investigation into Powell is a transparent attempt to weaponize the Justice Department against Fed independence because Powell won't cut interest rates on presidential command. The renovation pretext is a flimsy excuse — this is about whether monetary policy will be set by economic evidence or political intimidation. Prosecuting a Fed chair for doing his job competently threatens the entire global financial system.
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Public Figures
The Controversies
Political split
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© 2026 Improve the News Foundation. All rights reserved.Version 6.18.0
© 2026 Improve the News Foundation.
All rights reserved.
Version 6.18.0