<p>Federal Reserve Chairman Jerome Powell announced on Friday that he was under investigation, and claimed that President Donald Trump&#8217;s administration was using the threat of an indictment as a punishment for his refusal to lower interest rates at the president&#8217;s direction.</p>
<p>Powell posted a video in conjunction with a <a href="https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm">press release</a> on Saturday, explaining the Trump administration&#8217;s rationale for launching the probe and then pivoted to say that he believed the real reasons for the investigation were political.</p>
<p><strong>WATCH:</strong></p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Video message from Federal Reserve Chair Jerome H. Powell: <a href="https://t.co/5dfrkByGyX">https://t.co/5dfrkByGyX</a> <a href="https://t.co/O4ecNaYaGH">pic.twitter.com/O4ecNaYaGH</a></p>
<p>— Federal Reserve (@federalreserve) <a href="https://twitter.com/federalreserve/status/2010510130970849338?ref_src=twsrc%5Etfw">January 12, 2026</a></p></blockquote>
<p>&#8220;On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings,&#8221; Powell said.</p>
<p>&#8220;I have deep respect for the rule of law and for accountability in our democracy. No one—certainly not the chair of the Federal Reserve—is above the law,&#8221; he added, before turning to suggest that the Trump administration was retaliating against him for refusing to adjust interest rates to the president&#8217;s satisfaction. &#8220;But this unprecedented action should be seen in the broader context of the administration&#8217;s threats and ongoing pressure.&#8221;</p>
<p>&#8220;This new threat is not about my testimony last June or about the renovation of the Federal Reserve buildings. It is not about Congress&#8217;s oversight role; the Fed through testimony and other public disclosures made every effort to keep Congress informed about the renovation project,&#8221; Powell claimed, arguing that the president was simply using those reasons as cover. &#8220;Those are pretexts. The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.&#8221;</p>
<p>&#8220;This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions—or whether instead monetary policy will be directed by political pressure or intimidation,&#8221; he added. &#8220;I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. In every case, I have carried out my duties without political fear or favor, focused solely on our mandate of price stability and maximum employment. Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do, with integrity and a commitment to serving the American people.&#8221;</p>
<p>Trump has repeatedly threatened to either fire Powell or sue him — as recently as late December — and has accused him of &#8220;gross incompetence.&#8221;</p>

<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Jerome Powell Claims Trump Admin Launched Probe To Threaten Him Over Interest Rates

CONTINUE READING

Spencer Pratt Thinks He Found The Fix For L.A.’s Homeless Disaster

Why Trump Might Not Make It To His Son Don Jr’s Wedding

Spencer Pratt Reveals His Political Role Model

WATCH: Suspected Fraudster On The Run After Fourth-Floor Balcony Escape

WATCH: The Moment Police Officer Catches Baby Thrown From Burning Home

One Of America’s Most Dangerous Rescue Missions Is Becoming A Movie

News

Donald Trump

Federal Reserve

Jerome Powell

Politics

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Jerome Powell Claims Trump Admin Launched Probe To Threaten Him Over Interest Rates