LOADING ERROR LOADINGWASHINGTON ― Republican lawmakers are coming to the defense of Federal Reserve Chair Jerome Powell following the opening of an unprecedented criminal probe into Powell by President Donald Trump’s Department of Justice over the weekend. Advertisement“If there were any remaining doubt whether advisers within the Trump Administration are actively pushing to end the independence of the Federal Reserve, there should now be none,” Tillis said in a statement on Sunday. Federal Reserve Chair Jerome Powell speaks at the Federal Reserve on Dec. 10, 2025, in Washington. Powell said scrutiny of the project is legitimate, but he called the matter a “pretext” for gutting the independence of the Federal Reserve. AdvertisementSenior Republicans in the House signaled their discomfort with the DOJ probe of Powell as well.

Source: Huffington Post January 13, 2026 00:33 UTC