Trump threatens to indict U.S. Federal Reserve chairNewsDuration 2:17The U.S. Federal Reserve operates independently from the government and sets interest rates in an effort to keep inflation at two per cent annually. Jerome Powell alleges the threatened criminal indictment was a response to independent policymakers refusing to lower interest rates, something that U.S. President Donald Trump has been pushing for.

Source: CBC News January 13, 2026 03:06 UTC